administration of united the administration of united states president—elect, donald trump. hello and welcome to business today. i'm steve lai. let's begin in south korea where investigations have —— arrested the impeached president yoon suk yeol. the first sitting president to be arrested and he is at the anticorruption agency office. police tried to rest some earlier this month. so far there has not been a major impact on korean marketsjust yet the benchmark kospi trading at 0.3% higher. more on that story later on newsday, in the united states. social media giant meta has said it will cut its workforce by 5%. plans to lay off workers at the owner of facebook and instagram come on the same day that another of america's tech giants, microsoft, said it would pause hiring in a major unit in america. michelle fleury reports from new york. ina memo

in a memo to staff mark zuckerberg said 2025 will be an intense year for the company as it works on building what he described as some of the most important technologies in the world. mr important technologies in the world. ~ , ., important technologies in the world. , ., ., world. mr zuckerberg went on to sa in world. mr zuckerberg went on to say in order— world. mr zuckerberg went on to say in order to — world. mr zuckerberg went on to say in order to raise _ say in order to raise the performance of meta— staff the company would take steps to move out low performing employees faster than originally planned, currently meta is employing 72,000 people. cutting 5% of its payroll will be its first major start production since it shared a quarter of its workforce in 2022 and 23. meanwhile microsoft is also given a signaljobs may be becoming harder to come by and us technology sector. it told its workers on tuesday it plans to pause hiring in its consulting arm in america. this comes only a week after it announced a round of layoffs. the us financial regulator has sued elon musk

for the late disclosure of his purchase of more than 5 percent of twitter�*s common stock back in 2022. according to the sec, the move allowed the multibillionaire to continue increasing his stake in the firm at artificially low prices. he eventually purchased twitter for $41; billion later that year, and renamed it to x. in a post on the social media platform, mr musk called the sec a "totally broken organisation." he also accused the regulator of wasting its time when "there are so many actual crimes that go unpunished." staying with big tech, we are days away from donald trump becoming the 47th president of the united states. there is uncertainty around how he will regulate the technology industry and its large players, that have made big moves people intake have observed how we operated on his first term, it was important to have ceo level relationships with them

that could prevent donald trump from targeting companies and is regulation often really rose or fell based on whether he liked the company personally. if you are a ceo of a tech company or any company you would rather start of the second donald trump term with a positive relationship.— trump term with a positive relationship. there are many stories he — relationship. there are many stories he will— relationship. there are many stories he will have - relationship. there are many stories he will have to - relationship. there are many stories he will have to take l relationship. there are many stories he will have to take a stance on, what are his views on text or even the potential breakup of google? fine on text or even the potential breakup of google?- on text or even the potential breakup of google? one of the thins breakup of google? one of the things you _ breakup of google? one of the things you see _ breakup of google? one of the things you see with _ breakup of google? one of the things you see with trump - breakup of google? one of the l things you see with trump when he talks about tech it is usually through the lens of is this service nice to me? i think it's a mistake to interpret ideology when it might be ego. when he has talked about he was asked about breaking up google and immediately the way talked about it was — the way he showed up on google search results. when he talks about tiktok he talks about his campaign content performing well on tiktok. and now that

company executives know this, when they go to meet with him they show him at the data, here is how well your content performed on our service. so that's really where it starts with donald trump, this is a person whose first term sue to block the merger of at&t — time warner because the company owned a cnn and trump did not like the cnn coverage. this is an important lens to approach rp, to look at how he approaches regulation. he has made threats _ approaches regulation. he has made threats to _ approaches regulation. he has made threats to many - approaches regulation. he has - made threats to many companies. he has made many threats. india's factories are hoping donald trump �*s threat of a tariff or with china brings new

business from global clients. these are motherboards, the computer hardware that powers your laptops, desktops, remotes even your appliances. tell about five years ago india was completely reliant on imports for such it hardware but today factories like these manufacturers almost 50% of it locally. this is one segment where india is trying to push its manufacturing muscle. bengaluru based company says this makes india well—placed to fill the gap if the us places high tariffs on imports and faces globalfirms to high tariffs on imports and faces global firms to look for alternatives.— faces global firms to look for alternatives. ., ., , alternatives. now we are poised to the second _ alternatives. now we are poised to the second term _ alternatives. now we are poised to the second term president i to the second term president trump i think global supply chain planners hopefully are ready with a solution. i possibly feel india is a great choice so we have reached out to us potential customers, and

so they know about our offering our capabilities in india. the us is one — our capabilities in india. the us is one of _ our capabilities in india. the us is one of india's - our capabilities in india. the us is one of india's largest trading partners and its biggest export market, with 2—way trade of $190 billion last year. it is notjust goods, indie exports of specialised talent that fuels the us technology industry. they text us we text them, the word reciprocal is important because somebody to charges us 100% we charge them nothing for the same stop this economist says india will need to look at its own trade policies to deal with donald trump �*s aggressive tactics. with donald trump 's aggressive tactics. . , with donald trump 's aggressive tactics. ., , , , tactics. donald trump is very ro-us tactics. donald trump is very pro-us business. _ tactics. donald trump is very pro-us business. and - tactics. donald trump is very pro-us business. and in - tactics. donald trump is very pro-us business. and in that pro—us business. and in that context— pro—us business. and in that context he has a us first kind of approach. various us businesses will face an issue, any country, be it india or

otherwise he will protest against this. he would be active _ against this. he would be active if— against this. he would be active if india continues to have — active if india continues to have high tariffs on us products. in have high tariffs on us products-— have high tariffs on us products. have high tariffs on us roducts. ., . ., ., products. in a changed world dynamics _ products. in a changed world dynamics india's _ products. in a changed world dynamics india's warming . products. in a changed world dynamics india's warming up j products. in a changed world i dynamics india's warming up to ease protectionism, looking to boost trade that helps to create morejobs. planemaker boeing says it delivered less than 350 commercialjets last year, that was its lowest output since the pandemic. the company has been hit by a large strike that slowed down production, and increased scrutiny over the safety of its planes. it was once again outpaced by european rival airbus, that delivered more than twice the number of planes over the same period. 0il oil prices surged to a four—month high following sanctions from the us targeting the russian energy sector. they aim to limit its ability to fund the war in ukraine. prices have eased after us government

agency increased its forecast for supply. an energy expert gave us a sense of what lies ahead for oil markets. {line ahead for oil markets. one thing we — ahead for oil markets. one thing we need _ ahead for oil markets. one thing we need to _ ahead for oil markets. que: thing we need to understand sanctions have limited impact we are already on the 14th through a round of sanctions by the eu and g7 on russian yet russia oil in gaza is flowing through the markets. at the same time we have a lot of confusion about those new sanctions, and people should realise, that there is a two—month growth. , where people can wind down there imports. some media outlets are causing the confusion, for example we have seen a big story yesterday about an energy tanker not finding a way to unload its lng into spain. 0nly unload its lng into spain. only to find out a few hours later it is empty which means it was

able to do so despite the fact the tanker was sanctioned, and the tanker was sanctioned, and the unit where the tanker came from is also sanctioned. so there is a lot of hype in the media right now about the impact of those sanctions, the impact of those sanctions, the impact basically is limited and short lived. impact basically is limited and short lived-— short lived. the energy admit -- the energy _ short lived. the energy admit -- the energy administration| —— the energy administration has raised its forecast for supply? has raised its forecast for su -l ? , , , has raised its forecast for suul? , ., supply? the industry is known for delays _ supply? the industry is known for delays all _ supply? the industry is known for delays all the _ supply? the industry is known for delays all the time - supply? the industry is known for delays all the time is - supply? the industry is known for delays all the time is not l for delays all the time is not necessarily that all the planned outputs will come online, at the same time we have seen company is like exxonmobil promising us to triple its output by 2030 only to find out they been struggling financially and its recent quarter. this means they might end up reducing their investment and therefore reducing output.- investment and therefore reducing output. gets get you u . reducing output. gets get you u- to reducing output. gets get you no to speed — reducing output. gets get you up to speed with _ reducing output. gets get you up to speed with our- reducing output. gets get you up to speed with our top - reducing output. gets get you| up to speed with our top story on bbc news, 0ban south korea investigators have arrested the impeached president yoon suk yeol is the country �*s

first—ever sitting president to be arrested and is currently that the anticorruption agency offers which we are showing you right now with things do appear incredibly calm. the police had tried to arrest him earlier this month but failed to do so following a stand—off with his security service, so far there has not been a major impact on european markets with the benchmark kospi trading flat. find more about coverage on south korea on the live page. it is on the website and the mobile app. thank you for your company for this addition of business today. i will be back on newsday at the top of the hour.

it's lucy with the catch up, an appeal from it's lucy with the catch up, an appealfrom police in london tiktok being replaced and some lighter news as well. there is ongoing talks to try and secure a dealfor ongoing talks to try and secure a deal for ceasefire ongoing talks to try and secure a dealfor ceasefire in gaza for the release of israeli hostages in exchange for palestinian prisoners. those talks are being held in doha, qatar is the key mediator, says

an agreement is very close but it also says the deal could still fall through, it is believed there would be different phases to the deal with a number of israeli hostages released on day one and then israel beginning to withdraw troops from gaza after that. if you want the latest on that. if you want the latest on that it's on the bbc news website and app. some other stories now police investigating the fatal stabbing of a 14—year—old boy in southeast london names to people they are looking to speak to. 15—year—old colin, killian died shortly after being attacked on a bus on 17 january. no arrests have taken place it. tiktok be banned in a few days in the us, people might be moving to one of its competitors. rednote has into the charts the most downloaded app the charts the most downloaded app on the us apple store yesterday looks like a combination of instagram and tiktok it has 3 million monthly

users. if you are afraid of heights this might be your worst nightmare. ten seconds of a world champion black liner working on a rope over 100 metres long and 200 metres from the ground in dubai. probably safe to say he is not afraid of heights. that's us, have a good one. hello and welcome to sportsday — i'm will perry. here's what's coming up. liverpool rescue a draw at nottingham forest to maintain a 6—point lead at the top of the premier league. mauro itoje will lead england into the 6 nations after being named their new captain. and judd trump has a 3rd masters title on his mind after cruising into the quarter

finals at alexandra palace. diogojota denied nottingham forest a win over liverpool that would have reduced their lead at the top of the premier league to 3 points. chris wood put forest ahead after just 8 minutes, his 13th of an incredible season before the portuguese levelled in the 2nd half. 1—1, it finished at the city ground with liverpool remaining 6 points clear at the top with a game in hand. they with a game in hand. may be deserved not to concede they may be deserved not to concede the second or third goal they threw and they fight with everything they got. fence helping them a lot, they were really loud and helping them because they've had such a great season. still we managed

to