tit—for—tat is back. pledges retaliatory measures pledges retaliatgryrmeasgtes an, us pledges retaliateryrmeasgtes en us with pledges retaliatdryrmeasdtes en us with companies morning the impacts. google and 77 and a big disappoint and a big when it comes to announcement when it comes to ai announcement when it comes to aland weaponry. welcome to business today. in mainland markets in mainland china have for the first time reopened for the first time after week long lunar new after a week long lunar new year the composite down year break. the composite down around three quarters of a it after beijing percent. it comes after beijing announcedretaliatery tariffs us goods. announcedretaliatsry tariffs us goods. oil and agricultural equipment in the firing and coming into on 7 7 on president effa" a" “a"“a bra-ala“ would speak to trump said he wedtd speak. te xi later he president xi but later said he is in no hurry to speak to him. will be the

what will be the impact? china wanted to differentiate - what will be the impact? china wanted to differentiate itself . wanted to differentiate itself mexico and canada series of calls that postpone any style sashthatpastpdna any banners retaliatory eifefli men the? eased they will well the? will be tariffs even they will not be implemented for a before implemented for a week before any fungal between china and us. ., , the us. donald trump has downplayed _ the us. donald trump has downplayed this. - the us. donald trump has downplayed this. how - the us. donald trump has - downplayed this. how - the downplayed this. how will the chinese administration likely to respond? chinese administration likely to remind?— chinese administration likely to respond? president trump was not ha - to respond? president trump was not happy about _ to respond? president trump was not happy about the _ to respond? president trump was not happy about the retaliatory i not happy about the retaliatory measures and to measures and expected ta this over the phone and discuss'this ave�*r'the' phone and some kind discuss'this ove�*r'the' phone and some kind of reach some kind'of conctusions theissues reach some kind'of conctusions the issues are far more but the issues are far more difficult than the canadian and issue. you're ukraine, 7 7 ukraine, south 7 7 ukraine, south china 7 7 ukraine, south china sea, with ukraine, south china sea, korea is well as a big

—b°th power battle for supremacy both trade and technological in trade and technological issues. cannot be issueslhese issuescannet be very quickly. you will resolved very quickly. you will see a lot of reviews see a lot of internal reviews both in washington and in china, a series of meetings. if it is be result, my guess is it is to be result, my guess is it is to be result, my guess is it will be in the form �*a it will be in the form of a visit, possibly visiting beijing sometime trump visiting beijing sometime in the few months. trump visiting beijing sometime in the - few months.- in the next few months. bei'ing sa s it in the next few months. bei'ing says it will fl in the next few months. bei'ing says it will impose i in the next few months. bei'ing says it will impose 10- fl j ta riffs 7 tariffs on tariffs on crude j tariffs on crude oil lng from america. china largest importer. oil is the largest importer. oil is trading flat. to out how trading fiat. to find out have x”, w. a w. as new measures trading fiat. to find out hdml ,.,.. l. l w. ,,,, new measures might the new measures might impact global energy market i am the global energy market i am joined by head of energy the global energy market i am joined by at head of energy the global energy market i am joined by at he in of energy the global energy market i am joined by at he in sydney. y resource at mx3 in sydney. what should we understand about retaliatory actions rs taking? actions

rt takin: ? i think we need chinese taking? i think we need to look both _ chinese taking? i think we need to look both i the _ chinese taking? i think we need to look both i the - term i to look both at the near term and term impact. in the term, in terms of oil, thermal coal, it is a negligible of and 2:0 5—5 77 not a big impact. coal, " " icoal, slightly metallurgical coal, slightly bigger. 20% of us exports come into china and accounts for 10% chinese imports. perhaps the is in lng. china biggest input is in lng. china and about 6% us lng that” ' " fhét'i's""" ' " that|sonly ' that|sonlya ' that}; silly? '7% {£55535in 343i thattitsorflyfa»: mare " ' "iraéel'dtliié" ” " ' ”trade"butrtne'di'ffe’rence global trade but the'difference is is have a lot here is this is we have a lot of fixed contracts place. we of fixed contracts in place. we have seen of chinese have seen signs of chinese who have these buyers who have to pay these tariffs nominating down on tariffs nominating'dawn an �* contracts, a more much more inefficient system for flows logistical system for flows tying up the shipping 175-st 7 n a 7 but those market a’b’t�*de bit but those still moderate market ab't'cle bit but those still moderate near—term are still moderate near—term impact. whether bigger impact will be felt here is the united

states's reputation for a states's reputation for being a reliable supplier in the eyes reliabte sapp'e in the eyes chinese buyers reliabte sapp'e in the e'5'ee chinese buyers is reliabte sapp'e in the e5'ee chinese buyers is going reliabte sapp'e in the e5'ee chinese buyers is going to of chinese buyers is going to and you will see deteciorate and youwill see or volume anything near—term or volume from the us pushed into from the us being pushed into europe as flows organised but term, we are less see chinese buyers to see chinese buyers be and have the appetite willing and have the appetite to sign up �*long—term lng a. ='an iae “1 [er-535m baa out “1 e's" ee “if infiniterm he? out of “1 e's" ee “if lflnazterm he? out of the “1 e's" ee “if lflnazterm bee . out of the united volumes out of the united states. , ., , ., volumes out of the united states. , ., , states. fii— e— ———~—~—— sorts between states. fii— e— —— sorts between the two economies? that is a key part of it and what _ economies? that is a key part of it and what. are - economies? that is a key part of it and what. are seeing l of it and what you are seeing donald trump broadly, china, is reco-cnisin outside china, is recognising that china is a huge of that china is a huge buyer of of these and they some of these goods and they are trying to make up �* it are trying to make up for it so for we are elsewhere so for example—me are increased from seeing increased appetite from other trade around the other trade partners around the world to buy lng out the other trade partners around the world 1 states ng out the other trade partners around the world 1 states because they see united states because they see that helping them with that is helping them with the trade imbalance as part the with trump. while , , states? , , , stateslng , stateslng m the united states lng and oil and coal exports have in

and coal exports have soured in the of chinese buyers, the eyee ef ehineee buyere; we...” .. r ”7 of the eyee ef thineee buyers ' ' we " "r . of that is the eyee ef thineee buyers , , we e ee e of that is the outside of that is the increase under pressure from appetite, under pressure from trump to make up for that and overall it is still probably a bullish picture for buyer demand from united states at in it near term, but issue, the impact reputational issue, the impact these trade was in reputational issue, the impact the. demand was in is? global demand will deteriorate furtherfrom global demand will deteriorate further from what was already soft and clouding the all eeff eee eleee'ee eee eeheeee all now. ls fgr all commodities now room to for all commodities now room to manoeuvre? saw there room to manoeuvre? we saw things change quite quickly qt , it came to 7 it came to and when it came to mexico and and , when it came to mexico and - and these _ when it came to mexico and and these tariffs can volatile and these tariffs can come on off very quickly come on and off very quickly but in the case of china it looks like this will require a bit more patience. the previous trump administration, these state in place and kind tariffs state in place and escalated a period of time. escalated for a period of time. in australia, whether sitting in eustratiaf’ahether”””

trade at cheap biggest trade partners at us and —: =z for the australian diffisett fer the'sigeetreiien' ' ' to navigate this and government to navigate this and of these the entertainty of these create —— — we 7 as” issues around logistical issues around the as have = -= in the possibility of factor in the possibility of very quick to these ees are fleanaee gene? " settings it sss are fineness eases? ii settings it is hard policy settings and it is hard to have a stable, sustainable when supply change when you have this level is such a heightened state companies and logistics these companies and logistics getting caught up in this. thank you forjoining us. in an early sign of the impacts these early sign of the—impactsthese may have tariffs may have on businesses, cuts to the number ofjobs for st it is �*up to et lauder; itie nee'ee ts the company which owns eqqq teeef�*e�*ee essse'eef�*sses brands, eqqq teeef�*e�*eeessse'eeesses brands, says it is different brands, says it is it sources concerned. it sources ingredients from various concerned. it sources ingredien including rious concerned. it sources ingredien including australia,

countries including australia, madagascar and indonesia and it has including in the us. -- estee china and the us. —— estee lauder. the company behind barbie what it may raise earbie has what it mayi raise” ii i i i i ii for its earbie has what it may raise” ii i i i i ii for its toys due to the prices for its toys due to the terrace. mexican have started on the northern mobilising on the northern border as part of a and mexico to e to delay e to delay tariffs. mexico qty to delay tame—mexico iii ii �* in city to delay tariffsamexise —~ ,,, ~ �* in play city to delay tariffsamexise —~ ,,, ~ �*in playi0,000 city to delay tariffsamexise —~ ,,, ~ �* in play 10,000 soldiers grew in play 10,000 soldiers tasked with stopping the of and elegal migration; tnaustenou; have arrived they personnel have arrived they belong to the national belong to the ttat'ronal guard. here because of the agreements between written agreements between president donald trump and claudia president claudia sheinbaum pardo to because the pardo to ring because the border of our with = -: guard to j guard to avoid drug from mexico trafficking from mexico to the united states, especially united state 5 ~ -~ '. 7 fentanyl. alphabet, the parent com an fentanyl. alphabet, the parent company of — fentanyl. alphabet, the parent company of - has - fentanyl. alphabet, the parent company of - has posted ethat e revenue that missed expectation. alphabet missed

wall street estimates for resenue per a e s , per share e e pershare doesn't earnings per share doesn't narrowly beat expectations on a it is a that the e parent e e e e parent a parent a second e parent a second hit from increase competition in both increase competition in the digital advertising market a in its cloud and a slowdown in its cloud computing when it computing business. when it comes to its cloud it comes to its cloud business. it 30% rise in revenue to posed a 30% rise in revenue to $11.9 million in the around $11.9 million in the fourth slowing down fourth quarter, slowing down from the increase in the quarter. e quarter. soft come even as cloud numbers come even as has built out aa google has built out aa features the cloud features within the cloud computing platform. cloud unit the e the ai, giving benefit from the ai, giving more computing powerfor benefit from the ai, giving more computing power for their work. yet the sales figures are a time when dieaeesintina at a time eshsn are alphabet ability to monitoring alphabet ability to maintain across its maintain strength across its businesses as it spends on al. it also plans

heavily on al. it also plans to... continues to on to... it continues to expand on the strategy. fierce. still eeebéhireieie eee benn" eeaen'ci' eee béfiienee eeeaenee eee béfi ieneseizee.eeaeneci e e ee e ee beh in size. an rival microsoft in size. it�*s rival reported microsoft in size. it's rival reported weaker microsoft alee repeated neake growth microsoft also repeated neake growth last week. area are a couple of we important developments we need to update you on. alphabet has toe to rewrite its decided to rewrite its they guide the use principles they guide the use ai a that of a! dropping a sectionithat ii ii ii iiiiii ii ii users that were rules out users that were to cause harm. it could ti'e'et'e' t�* �*eee lee-e it u" i iiii ii i ii ii ii ii use in weaponry. in a blog be use in weaponry. in a blog post, a senior google exactly argued businesses and democratic need to democratic governments need to work �* on democratic governments need to work �*on al to wgristeaether on attaisuaaer’t" " ’”” gggggai. i.—.j.la£ * i ii . national security were two negatives. national security v expenditure atives. national security v expenditure numbers was capital expenditure numbers was 75 for 2025.

capital expenditure numbers was 75 for2025. using capital expenditure numbers was 75 for 2025. using the 75 billion for 2025. using the anti— growth figure similar to what you're in matter. what you're seeing in matter. they are getting a good return on and e eeare generally financial results are generally that. —— meta. i supporting that. —— meta. i take a different view and supporting that. —— meta. i it take a different view and supporting that. —— meta. i it wase a different view and supporting that. —— meta. i it was a a different view and supporting that. —— meta. i it was a better ent view and supporting that. —— meta. i it was a better result. v and say it was a better result. they cannot up microsoft is well. so demand-micrclsoft.is well. so i a take and hays a different take on itand’ i’ ” ’ ’" know hase a different take on itand’ i’ ” ’ ’" know that is an impact in j. know thatis an impact in but it is a near—term e goole also facin debate. googleiaieoifaeing .. . ressure debate. googleiaieoifaeing .. ressure in debate. soogleateoifaeing - pressure in for the fresh pressureiinicihinafori the announcing badging announcing its suspects it is violating antimonopoly law and has initiated an that is it investigations that is it for addition of business this addition of business thank you for watching.

it's loose it with the up. the bbc goes undercover, and a dream through. the to e to police e to police say e first to know, police say around ten people have been killed in a shooting a couege couegein community college in central sweden. 0fficers believe the government is the dead government is amongithei dead that he acted alone. they and that he acted alone. they said it was known to

said it was not known to police and if is no clear motive and if there is no clear motive for the attack yet. here in the uk, tributes are flowing for e e e eeestaebbeed toedeath eeee e e eeestaebbeed toedeath in yesterday. have sheffield yesterday. they have been harvey as been describing harvey as and a lovely lad. a bubbly and a lovely lad. a 15—year—old been questioned 15—year—old has been questioned suspicion of his murder. on suspicion of his murder. other stories the bbc some otherstories no the eec undercover to invest a who has been potentially dangerous offering potentially dangerous cosmetic procedures. five women about getting nonsurgical spoke about getting nonsurgical bbl's spoke about getting nonsurgical bbl�*s and was rushed to spoke about getting nonsurgical bbl�*s and sepsis. shed to spoke about getting nonsurgical bbl�*s and sepsis. mi; d to spoke about getting nonsurgical bbl's and i sepsis.— hospital with sepsis. my legs 7277 moved hospital with sepsis. my legs i moved properly. - hospital with sepsis. my legs i moved properly. the| are not moved properly. the pain i was on, i would have preferred to have died. the full story — preferred to have died. the full story on _ preferred to have died. the full story on iplayer - preferred to have died. the full story on iplayer and the fullistory oniiplayer and the website. whether e whether you e whether you take whether you tea ke good ofe .i of seems or you leave

care of your seems or you leave them will be them stranded, you will be pleased to know the original pleased—to know the original is rereleased. and game is being rereleased. and finally, ten seconds of dreams true. e true. barbara wilde has l|felong lifeloeng dream to meet an a lifelongidreamito meet an and was all about alpaca7and prensa was all about happy. visited making that happy. he visited her care home for her 76th birthday. that is for have eehave good

hello and welcome to sportsday. bowing out from tennis — and former world number one, simona halep all roads in the nfl leads to new 0rlea ns in the winter transfer window — mikel arteta says he's disappointed arsenal didn't secure any players. welcome along to the programme. a first—round defeat at the wta tournament in her home