los angeles braces for more destruction as wildfires continue to rage, the "costliest in us history". plus, what the incoming trump administration could mean for the world's second largest economy.

hello and welcome to business today. i'm steve lai. we start in the us, where firefighters with it, in terms of the scale and scope. governor newsom also signed an executive order on sunday

which suspends some environmental laws, which suspends some environmental laws, aimed at helping los angeles rebuild faster. much of the focus would be much of the focus would be on constructing buildings on constructing buildings that can withstand that can withstand future threats. future threats. kate cotter is the founder kate cotter is the founder and ceo of the resilient and ceo of the resilient building council in australia — building council in australia — a country that frequently a country that frequently experiences wildfires. experiences wildfires. she said the damage in she said the damage in los angeles was "eye—watering". los angeles was "eye—watering". la fires are absolutely la fires are absolutely catastrophic. catastrophic. we haven't seen single fire events in australia, you know, more than a few is that la has got thousand building losses. so seeing that go over so seeing that go over the 10,000 building amount the 10,000 building amount is just eye watering, is just eye watering, it is so devastating. it is so devastating. so, what we find is similar is that fires burn homes down in the same way, they need the same things, fuel and wind and steep fuel and wind and steep terrain, and both countries have got those things that make them fire prone. terrain, and both countries what is, i guess, different

of that risk, and with those high winds and canyons and things, the los angeles landscape has added extra risk that has caused these fires to destroy far more property than we have seen in events in australia. how do you think these homes have been built with fire resiliency seemingly not in mind? the areas are quite urban and fire resiliency might not be top of mind in those communities. they are not out in the forest themselves, surrounded by the visible risk. so it is again about adjusting what is happening in terms of risk today to our education and how we can better inform

people that might not be able to actually see that risk themselves and do not have an understanding of it. over to india which, will be hosting the world's largest religious gathering — the kumbh mela. more than 400 million devotees are expected to converge at a holy city in uttar pradesh for the six—week long festival. archana shukla joins me live from mumbai for more. archana, take us through the economic impact of the event. 0rganising the movement of millions and hosting them in one single place itself generate so much economic activity. a temporary city has been set up where the festival takes place with about 150,000 tenths being set up to accommodate millions, and some of these are in fact luxury temps with hotel chain group like the indian hotels which runs a group of hotels setting up luxury tents.

some would pay more than 350, $400 per night to stay there, and apart from that, new electricity connections to power these 150,000 homes have been set up, new road lines have been set up in this temporary city, and the government, the government of uttar british, that host this festival, this entire event over 45 days could generate economic activity with $23 billion, and that would include some in the sector to travel and tourism payments group cetera that are hoping to benefit out of this. getting about 400 million people's eyes at one piece is a marketing opportunity no—brainer hopes to measure and reports suggest that between half a billion — $1 billion willjust be spent in advertising budgets and the state government of uttar pradesh estimate it will generate over $23 billion. the scale is truly _ generate over $23 billion. the scale is truly remarkable. thank you very much. the kumbh

mela so big it can be seen from space. this latest data comes a week ahead of donald trump's return to the white house so, yes, if we look at 50% to 60%, this is a higher number,

but there's also a few differences. so, number one, it doesn't come as a surprise. so the diversification of trade partners and diversification of supply chains has already taken place over the last year. so, from that angle, if you compute the potential impact these new 60% could have, we come to a point where we see this down to only 35% effective tax rate. and also, of course, then talking about the impact on the economy being also watered down to 0.5%, which is something we have incorporated into our gdp growth target, which is 4.2% for the year ahead. but one more point for the year ahead, as i said, the timing of this is also important. right now we are sitting here, they have the implementation of any higher tariffs. it is a lot rhetoric around it, but there are still a good amount of uncertainty whether these are to come more what the actual timeline of that is. we assume the biggest impact

will come only by the second half of this year. ahead of possible us tariffs, china is setting its sights on south america. a new megaport on peru's coastline — that's part of china's belt and road initiative — will increase the frequency of trips to asia this month. its direct route to china cuts sailing times by 10 days and bypasses north america entirely. the bbc�*s ritika gupta reports. huge unmanned cranes loom over peru's chinese—funded port. a symbol of beijing's growing influence in south america. situated on the edge of peru's coastal desert some 50 miles north of the capital, a small fishing town looks set to become a major hub for trade in a region the us has long considered its own backyard. this giant new port is a game changer, notjust for peru, but the wider latin american region, and at a time when the newly elected president donald trump is looking to clamp down on trade with china, china has set its eyes on peru,

making peru a strategic piece on the global geopolitical chessboard. the man overseeing the port's operations, mario, says the port will dramatically speed up trade that will bypass america entirely. that will bypass north america entirely. you are going to have express directly to shanghai. it is a huge opportunity for south america because right now all the materials that you export to asia, you have to go to mexico and then you cross the pacific ocean. but despite the promises of growth, some in the local community feel left behind. the fully automated port has so far offered fewjobs. the nearly $1.5 billion port majority owned by china's cosco shipping, is china's latest belt and road project.

china has overtaken the us as peru's main trading partner, a trend that could widen across latin american countries, as donald trump threatens tariffs under his america first policy. critics warn of overreliance on china and jeopardising the existing relationship with the us with some of trump's aids pushing huge tariffs on old merchandise coming through the port. but for peru's minister for foreign trade, ursula leon, it is not a cause for concern. translation: our agreements with china enhance our- competitiveness without compromising other markets. peru must navigate a delicate balancing act. for now, the port stands at both the beacon of opportunity and a source of uncertainty in a world bracing for heightened trade tensions. the bbc has found that some workers

at chinese fashion retailer shein�*s suppliers in guangzhou are working nearly 75 hours a week. that clearly exceeds china's labour laws which is set at a maximum of 44 hours a week. in response, shein has said it requires all supply chain partners to adhere to its code of conduct. it added that it works with auditors to ensure compliance. you can find the full story written by my colleague laura bicker on our website bbc.com and mobile app. and that's it for this edition of business today. thanks for watching.

hello there. i'm 0lly foster. here's what's coming up for you on sportsday. manchester united hit the spot in the fa cup, knocking out arsenal on penalties. ten—man barcelona hit five past real madrid

in the spanish super cup. and a desert rose: justin rose's great britain and ireland team win the team cup in abu dhabi. hello there. welcome along. it has been a gripping day in the third round of the fa cup. the two most successful sides in the history of the competition were facing each other with the 13—time winners and holders manchester united knocking out 14—time winners arsenal on penalties. that's after the game finished 1—1. they won the shoot—out 5—3 withjoshua zirkzee scoring the winning kick after united's turkish keeper altay bayindir had saved from kai havertz.