hello and welcome to business today. 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 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 shed a quarter of its workforce in 2022 and 23. meanwhile, microsoft has also given a signal jobs 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.

in aviation news, boeing says it delivered less than 350 commercialjets last year, its lowest output since the pandemic. the company has been hit by a large strike that slow down production and increased 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 x. in a post on the platform, mr musk accused the regulator of wasting its time when there were

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. 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 in his first term, it was important to have ceo level relationships 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 or the potential break—up of google? one of the things you see with donald 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 performed 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 an important lens for understanding how he approaches 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 semiconductors, where does donald trump stand? will he continue with what the biden administration has done? one of the things that 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 beat those companies. i think the companies that go to donald trump and say that we have a common enemy and we want to go, they will be the ones who succeed the most with donald trump. speaking of him he has 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. humming with renewed in —— energy they are hoping new business is brought in. these are motherboards, the hardware that tops, desktops, remote, even appliances. until about five years ago india was completely reliant on imports

for the hardware. this makes india well—placed to the gap if and when the us imposes high tariffs on chinese imports and it forces global firms to look for alternatives.— it forces global firms to look for alternatives. now that we are poised — for alternatives. now that we are poised for— for alternatives. now that we are poised for the _ for alternatives. now that we are poised for the second - for alternatives. now that we i are poised for the second term of president trump i think global supply chain planners hopefully are ready with a solution. ifeel india is hopefully are ready with a solution. i feel india is a great choice. we have reached out to us potential customers and so they know about our offering, capabilities in india. ,, , ., offering, capabilities in india. ,, ., india. the us is one of india's laruest india. the us is one of india's largest trading _ india. the us is one of india's largest trading partners - india. the us is one of india's largest trading partners and l largest trading partners and its biggest export market. with 2—way trade of $190 billion last year. it is notjust goods. india exports services of specialised talent that feels the us tech industry.

they taxes, we tax them. the word reciprocal is important. if somebody charges, india, if india charges us one at present, we charge them nothing for the same?— for the same? economists are india will have _ for the same? economists are india will have to _ for the same? economists are india will have to re-look- for the same? economists are india will have to re-look at i india will have to re—look at its own trade policies to deal with donald trump's aggressive tactics. , , , , ., with donald trump's aggressive tactics. , , , ,, tactics. trump is very pro us business _ tactics. trump is very pro us business and _ tactics. trump is very pro us business and in _ tactics. trump is very pro us business and in that - tactics. trump is very pro us business and in that context | tactics. trump is very pro us i business and in that context he has a us first kind of approach. wherever the us businesses are going to face an issue, be it any country, be it india or otherwise, he will protest. he would be reactive if india continues to have high tariffs on us products. in a changed — tariffs on us products. in a changed world _ tariffs on us products. in a changed world dynamic, india is already warming up to his protectionism, looking to boost trade but help create more

jobs. tiktok users are migrating to an app called rednote. moved by users who call themselves tiktok refugees has made rednote the most downloaded app on apple's app store. it is popular with young people in china, taiwan and mandarin speaking countries. it has around 300 million monthly users and looks like a combination of tiktok and instagram. bad news for some — style ducks customers, it will no longer allow it to use its facilities in north america without buying something. it had for years to allow people to linger and use its toilet evenif to linger and use its toilet even if they did not make a purchase. the changes, from the 27th of january, purchase. the changes, from the 27th ofjanuary, is part purchase. the changes, from the 27th of january, is part of a strategy to tackle slowing sales. and before we go, let's remind you of our top story today on bbc news, in south

korea investigators have arrested the president, the first to be arrested. the impeach president is under investigation for insurrection by trying to impose martial law. he is now being interrogated at the anticorruption office in seoul which is where these images are coming to you from. you can see supporters waving banners and flags. mryoon supporters waving banners and flags. mr yoon said supporters waving banners and flags. mryoon said in supporters waving banners and flags. mr yoon said in a statement he agreed to the interrogation which he called illegal to prevent budget. so far there has not been any major impact on financial markets. thanks forjoining me here.

it's lucy with the catch up. tonight, an appeal from 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 and 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 six nations after being named

their new captain. and judd trump has a third masters title on his mind after cruising into the quarterfinals at alexandra palace. welcome along. diogojota denied nottingham forest a win over liverpool that would have reduced their lead at the top of the premier league to three points. chris wood put forest ahead afterjust eight minutes, his 13th of an incredible season before the portuguese levelled in the second half — 1—1 it finished at the city ground with liverpool remaining six 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