us president donald trump takes aim — without evidence — at diversity policies after a deadly mid—air collision. hello and welcome to business today. efforts to hire a more diverse workforce. directing his administration to assess and undo diversity initiatives in aviation safety roles. here's what trump said when asked whether diversity

policies played a role in the crash. i know. i don't know. ’ii7:efe’ie have played incompetence might have played a role and we will let know a role and we will let you know that, but we want the mmefiéfi�*f eéfieléf don't what race we don't care what race they are, we the they are, we want the most competent people, especially in those positions, you are about extremely complex 77,7, ,, enid?— —~— 7 w7 ww, . , , a”: .. 251,11:in .t.h..ey. .. .......... , . . f’f'féhafiiiiiéy’dq'w ' ' 7”fihfiiiihéy’djfi’ot” ' ' ' fir'ééfifiiiihéy’dafioi’ ' ' ' 777777ag7r7eat7ithey7do7n7ot77777777 7 7 7 have a great brain, a great power of the brain and they cannot be good and they 93an be. gggd'w what they ehe they eehhet he geee”"' what they do and bad at what they do and bad will 77 i am talking about we want, competence and we want, in that particular position, we have to have the most in that particular position, we have to people e most in that particular position, we have to people in host in that particular position, we have to people in nos country competent people in our country because we are talking lives. undergo rigorous testing — mentally and physically — and trump's comments have drawn criticism from experts, rights advocates and democratic lawmakers.

and mexican oil imports from the 25% tariffs that he has promised to impose on saturday. his tariff proposals are aimed of fenta nyl from crossing into the us the company will recover from a dip in iphone sales. apple beat street quarterly estimates quarterly profit estimates and revenue rose 4% to around billion to around $1.21; hillien. the fiscal to around $1.21; billion the fiscal first quarter, in the fiscal first quarter, even as iphone and even as iphone sales and china revenue were x. -.,, . . -... - ..- totough 777777 due to tough chinese and a slow

competition and a slow rollout of ai features. the results apple the results showed that apple is struggling to catch up in china, one of biggest in china, one of its biggest with an 11% sales there. in sales there. local smart phone brands have become in the region company's ai 7 7 7compan7y7sai platform, the company's ai platform, apple intelligence, also did not bolster sales �* its device. flagship device. still, overall sales 777777p7ro7fi7t7s777 7 77 7 7 7 7 77 profits were boosted and profits were boosted by stronger -. if” ..- . ...-....- 77 5f777 a7nd77777777 7 of 7 and macs eelee et ieeee'ene 75555? 7 77 new eelee et ieeee'ene hike 7 77 new chips eelee et ieeeeeee flee 7 77 new chips helped persuade when new chins helped persuade to upgrade. customers to upgrade. the havoc the results follow havoc on sector this week the tech sector this week following emergence the 7 emergence thechinese ma start-u - dee -seek. ai start—up deepseek. in contrast, other ln tentreetg'ether’ films nvidia, ln tentreetg'ether’ is ns nvidia, ln tentreetg'ether’ is not ividia, apple is not taken a hit. it is seen as a apple .eree=ee§ef?:t:ew—~fl —— _pple as 777777777777 apple as cheaper ai models for apple as cheaper ai models could encourage customers to upgrade their iphones, kick—starting a reacceleration in growth.

we have definitely seen the winners if look the winners if you look at companies like meta, cost 7— 7 cost with exponential down cost with exponential efficiency, the and their into and their ihta lei their c! their ihta lei, has and their open—source model has given them boost and add 7 77are7still 77 7 sf; s77ti7l7lba7ck 7 ce; s77ti7i7175757¢i§7u7p7 7 sales are still back up which shows that they have been to win this war able to win this war thatis able to win this war that is going on. we see companies like microsoft that is a lot show that there is a lot of demand for al now of demand for al but now have to spend lot you have to spend a lot of money to build out your centre so there is a lot demand and they have spend $80 7 spend $80 million or more cap—exjust to cap—ex just to catch up on cap—ex just to catch up and thatis on cap—ex just to catch up and that is a high—class problem, =-: something that shows are showing real ai thee? ere eheeme reel}? 77 77 77 and then, of course, revenue and then. of todrse. e... ...e .- . . .. . .. saw revenue and then. of todrse. - ,- . .- .. .. -.- --. saw what is revenue and then. of todrse. - ,- . ,- .. .. -.- --. saw what is happening we saw what is happening at apple, that does not at apple. thatdoes not look the stock should be up 7—2 the market, but in the after market, but the point with apple is that they have 1.2 billion devices and services continues to be en-ine for engine for apple the growth engine for apple at the going forward

et the—momentgeing forward apple intelligence hopefully apple intelligence will play a role but apple 7 -—77 750177 7 777in7bi71li7o7ns77 isnot putting in billions dollars into capital w e ntres everyone data centres everyone else. a centres like everyone elsl . talk about tesla saw their go we eat: their eher’ee ge a roller—coaster on a roller—coaster after reported their results. 7do do you of romance what do you make of the romance between trump and elon musk and what that may mean between trump and elon musk and whatt vehicle mean important thing to say the important thing to say is that there are no big american for tesla. american competitors for tesla. the big ones are be weighty korean manufacturers and korean manufacturers and korean manufacturers and with that and with tariffs, that will give tesla a buffer. the challenge is that china and most of has been able get: 7. -— e tf’ .. get to a point where to get to a point where they can get manufacturing costs be as fully = -= energy of energy cost. china's energy china�*s. enerd�*; tests. coming china�*s enerd�*; tests coming down. are coming down. they get to about 2— 3 5—7 77 7 per ki7lowatt �*and by doing thatis lower to manufacture at a lower cost than tesla. so we're going to see 7 7 and robotics and robotics race

an automation and robotics race but where tesla shines is in the energy market mm the newr in ener and they grew in energy and they grew in energy and battery storage and we will number �*over time. see that number grow over time. the there is that the suggestion there is that it comes maybe whenit’comee’to’electric china may maybe whenit’eomee'to’electric china may win the race 110w now we have to turn but now we have to turn to intelligence to artificial intelligence and deepseek. we see shares we see nvidia shares dropped 16% this week. dgggoed 16% this week. much of a threat, briefly, how much of a threat, briefly, do you see deepseek being? i think we find out i think we will find out that it was a cy—ops -7 in the middle operation in the middle of texan week of texan earnings week. the american to attack the american sector to see tech sector to see what would happen. we dig into that it is when we dig into that it is a copy of check gpt�*s 4.0 capabilities with the chinese top. chinese flavour on top. we really do not know chips are ie back and does raise the that does raise the most important question, why is al so expensive for the, individual? average indieidealz—rrrr �*we cannot average individealz—rrrr �* we cannot deliver that, if we cannot deliver that, if companies cannot deliver

that and tbatand cannot �* ai tbatand cannot �*ai for everybody then deliver ai for everybody then we are a point. 7777in7terne7t7 7 77 internet age, in the internet age, everything was cheaper. a7re di7s7rupting are di7sru pting markets we are disrupting markets and and everyone ahd decentralising and everyone to set te eartieieate; the ai agent has not in the a! agent'has not been way and what china did important, and it showed was important, and it showed that why is al expensive that why is al so expensive why can't you deliver and why can't you deliver something that can something that everyone can access to? year, in the last three months of 202a. as it struggled to meet demand for chips used in artificial intelligence servers. end korea tumbled 11%. it clearly tumbled 11%. it is clearly reading from the slide of the are set after the launch of usa are set after the launch of deepseek. in less than 2a hours, india's finance minister economies in the world. arunoday mukharji reports.

carmakers their at this year's ilii, in india. show in india. but the year gone by not as smooth a notas smooth a drive manufacturers that manufacturers were hoping for. with growth a four—year low. the 7 the smaller affordable even the smaller affordable seeing a drop in sales ears seeing a drop in sales over by over 14%. at the of the pyramid, at the bottom of the pyramid. people who were tthe people who were there, affordability tthe people whe were there, affordability part tthe people who were there, affordability part of it it hag it has been a challenge. and it has been a challenge. we can try to bridge how we can try to bridge the gap of affordability how we can try to bridge ti something ordability how we can try to bridge ti something collectively is something collectively we all have to work together. sales are seen sales are seen as a sales are seen as a key vehicle sales aeeeez�*as a kee— . -- - —~ �*of people's indicator of people's ability to spend. ability te'epend. if; -.- is hoping and the'irndo'stry'is hoping some from the budget. is not just weak consumer it is notjust weak consumer demand here in the auto sector inflation stagnant

but inflation and stagnant wages have meant that people are generally a lot more about how much mone careful about how much money are spending. they are: spendn�*g " because they areependn�*g " because consumption makes 60% of india's gdp, up 60% of india's gdp, hasa direct up 60% of india's gdp, has a direct impact seeneine has a e'i'r�*eet'inteaet” " india's growth. is why 7 is why economists which is why economists are money in the hands are putting money in the hands of indians and say is essential. it is essential. it does require 7771170131739 7 7771717013755 t7o 77 77 7ho7ldi7ng to some 77 77 h7o7ldi7ng to some extent some g to some extent some kind some extent 77 77 7s7o7n71e7kind of ne extent 77 77 7s7o7n71e7kind of a e extent 77 77 7s7o7n71e7kind of a tax tent from some kind of a tax incentive in incentive coming in from the budget. personal could personal income tax could give the middle income tax some kind reprieve, to boost of reprieve, to boost their income their disposable income which ultimately translates 7h|éj17ep7777 f.i.;.:j:,.i,::. . 'n'gria'c'aaéunbfigfif" 7 into higher consumption. weak �*demand and a dip into higher consumption. w manufacturing iemand and a dip into higher consumption. w manufacturing droved and a dip in manufactufing drove down to india's economy to a �* low. a seven—quarter low. india's growth fell from 8.1% between and between july and september in 2023 to below 5.5% for the same perioel 202a.

investment, too, private investment, too, has been sluggish. and the has pulled and the governmenthaspulled on on big back on spending on big projects, known 7 known capital also knoweas eaeitalr or cap—ex. expenditure or cap—ex. the expenditure or