i'm steve lai. before we get to our top stories, we begin in south korea where investigators have arrested impeached president yoon suk—yeol. he is the country's first ever first sitting president to be arrested. he was detained after an hours long stand—off at his residence. the police had attempted to arrest him earlier this month — but failed to do so following a stand off with the presidential security service. so far there hasn't been a major impact on korean marketsjust yet, with the benchmark kospi index currently trading 0.3% higher. to the united states now, where social media giant meta has said it will cut its workforce by 5%. plans by the owner of facebook and instagram to lay off workers 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. 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 zuckerberg went on to 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 staff reduction since it shared a quarter of its staff reduction since it shed a quarter of its workforce in 2022 and 23. meanwhile microsoft has also given a signaljobs may be becoming harder to come by in the 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.

boeing says it delivered less than 350 commercial debtjets than 350 commercial debt jets last than 350 commercial debtjets last year, its lowest output since the pandemic. the company has been hit by a large strike that slow down production and increased signal purity that makes scrutiny over the safety of its planes. it was outpaced once again by european rival airbus which delivered twice the number of planes in the same period. the us financial regulator has sued elon musk for the late disclosure of his purchase of more than 5% 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 later purchased twitter for $41; billion, and renamed it to x. in a post on the platform, mr musk accused the sec of of being a totally broken operation and accused of wasting its time when there were so actual crimes that go unpunished. staying with big tech, we are days away from donald trump becoming the 47th president of the united states.

how he will regulate the technology industry and its players, that are making progress in areas like artificial intelligence, remains to be seen. adam kovacevich is the founder and ceo of the technology trade group, chamber of progress. he says personal relationships with mr trump could make or break companies. people in tech have observed how we operated on his first term, it was important to have ceo level relationships with donald trump, that that could prevent him from targeting companies and that donald trump �*s 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 off a second trump term with a positive relationship. there are many tech stories that will have to be taking a stance on. what think his views are on tiktok all the potential wake—up of google? fine are on tiktok all the potential wake-up of google?_ are on tiktok all the potential wake-up of google? one of the thins wake-up of google? one of the things you _ wake-up of google? one of the things you see _ wake-up of google? one of the things you see with _ wake-up of google? one of the things you see with ronald - things you see with ronald trump when he talks about tech it is usually through the lens

of is this service nice to me. i think it is a mistake to interpret ideology when it may be ego. when he spoke about google during the campaign he was asked about breaking up google and immediately the way that he talked about it was the way that he showed up in 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 this data and show him this is how well your content performs on our service. that is really where it starts with donald trump. this is a person whose first term they sued to block the acquisition, the merger of at&t time warner because the company owns cnn and trump did not like the cnn coverage. this is important lens for understanding how we approach as regulation. find understanding how we approach as regulation.— as regulation. and on the oli as regulation. and on the

policy front. _ as regulation. and on the policy front, biden - as regulation. and on the i policy front, biden enacted as regulation. and on the - policy front, biden enacted the chips act and is been keen to limit chinese access to high—end tech. when it comes to semiconductor donald trump stand? will he continue with the biden administration has done? ., , . done? one of the things that will be interesting _ done? one of the things that will be interesting is - done? one of the things that will be interesting is a - done? one of the things that will be interesting is a host l will be interesting is a host of questions particularly ai. i suspect that donald trump is going to shift policy—making from a position where it has been concerned about safety and regulating and not letting us companies have too much power to beating china and beating chinese companies in al, in these services. so it is much more a tech nationalism approach. one of the things you will see tech leaders do, leaders of us tech companies do is going to trump and saying we have a shared enemy, european regulators and we need to be those companies. i think the companies that go to donald trump and say that we have a common anemone and we want to 90, common anemone and we want to go, they will be the ones who succeed the most with donald

trump. succeed the most with donald trum. ,,, ., ~ ., succeed the most with donald trum. .,~ ., trump. speaking of him he has made tariff _ trump. speaking of him he has made tariff threats _ trump. speaking of him he has made tariff threats to - trump. speaking of him he has made tariff threats to many - made tariff threats to many trading partners causing a lot of uncertainty. indian manufacturers are optimistic because they stand to benefit from companies looking to diversify from china. the bbc�*s archana shukla reports from the southern indian city of bengaluru. humming with renewed energy. india's factories are hoping donald trump's threat of a tariff war with china brings new business from global clients. these are motherboards, the computer hardware that powers your laptops, desktops, remotes even your appliances. till about five years ago, india was completely reliant on imports for such it hardware, but today factories like these manufacture almost 50% of it locally. this is one segment where india is trying to push its manufacturing muscle. this bengaluru based company ceo says this makes india

well—placed to fill the gap if the us places high tariffs on imports and forces global firms to look for alternatives. now that we're poised for second term of donald trump, i think global supply chain managers are ready with a solution. ifeel india is managers are ready with a solution. i feel india is a great choice so we have reached out to potential us customers and they know what we are offering and our capabilities in india. ,, , ., ., in india. the us is one of india's largest _ in india. the us is one of india's largest trading . india's largest trading partners and its biggest export market with 2—way trade of $190 billion last year. and it is notjust billion last year. and it is not just goods. billion last year. and it is notjust goods. india exports services of specialised us tech. if somebody charges us, if india charges us 100%,

we charge them nothing for the same. economists say that india will need to look at its own trade policies to deal with trump's aggressive tactics. trump's aggressive tactics. trump is very pro—us business. and in that context he has a us first approach. us businesses will face an issue beard any country, he would be the active if india continues to have a high tariff on us product stop in a changed world dynamics, india is warming up to protectionism, looking to boost trade that helps to create more jobs. trade that helps to create more “obs. ~' ., ~' trade that helps to create more “obs. ~' , , trade that helps to create more “obs. ~ , , ~ jobs. tiktok users in america are migrating _ jobs. tiktok users in america are migrating to _ jobs. tiktok users in america are migrating to a _ jobs. tiktok users in america are migrating to a chinese i jobs. tiktok users in america l are migrating to a chinese note app are migrating to a chinese note app called read note with the threat of a band days away. the

users call themselves tech not —— tick tock refugees making rednote the most popular app on apple itunes. it has around 300 million monthly users and looks like a combination of instagram and tiktok. bad news for some starbucks customers, the coffee chain will no longer allow people to use its facilities in north america without purchasing something. for years it had allowed people to linger unused toilets even they did not make a purchase. changes, which will take effect from january 27 a part of a strategy to tackle slowing sales. starbucks says there is no change to its policy in the uk with its facilities can be used without a purchase. and before we go a reminder of events in south korea where investigators have arrested the impeached president. mryoon have arrested the impeached president. mr yoon is the country's first—ever sitting president to be arrested. he

was detained at his residence after an hours long stand—off with security staff and his supporters. the impeached president is under investigation for insurrection following a short lived attempt to impose martial law. he is currently being interrogated at the anticorruption agency's the anticorru ption agency's offers the anticorruption agency's offers insole and we're showing you that right now. so far there has not been major impact you that right now. so far there has not been major impact on financial markets with the on financial markets with the benchmark korean index trading 0.2% higher. you can find out benchmark korean index trading 0.2% higher. you can find out more of our coverage on south more of our coverage on south korea on our live page which is korea on our live page which is “p korea on our live page which is up and running and available. “p korea on our live page which is up and running and available. you could also find it on our you could also find it on our mobile app as well. more on mobile app as well. more on this story at the top of the this story at the top of the hour and newsday. thank you for hour and newsday. thank you for watching business today. watching business today.

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 deal for a 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.

it 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 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, kelyan bokassa. police have named two people they are looking to speak to. colin chabikwa and mosawar zazi. 15—year—old kelyan died shortly after being attacked on a bus on 17 january. no arrests have taken place yet. with tiktok being banned in a few days in the us, people might be moving to one of its competitors. rednote has entered the charts as the most downloaded app in the us apple store yesterday. it looks like a combination of instagram and tiktok, it has 300 million monthly users.

if you are afraid of heights, this might be your worst nightmare. ten seconds of a world champion slack 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 maybe deserved not to concede the second or third goal they threw and they fight with everything they got. fans helping them a lot, they were really loud and helping them because they've had such a great season.