how beijing wants to earn cold, through its ice and hard cash through its ice and snow economy. there. 7 there. vsteve lai. hi, there. i'm steve lai. welcome. we start in the united says it in artificial. intelligence in. the year, calling artificial. ihtettiqehte ih the year, calling it a coming year, calling it a once—in—a—lifetime business opportunity. despite this, shares have tumbled in amazon shares have tumbled in after—hours �* it m— reported weakness in its cloud computing unit.— reported weakness in its cloud computing unit. amazon posted sales and org year's i sales and profit in last year's final quarter beat analyst final quarter that beat analyst expectations with a strong fiefitet'fi'fl filthemfiflfi season hetieieg eheppihg eeeee'rt' " " " ”' its retail business, :-= the iesults were but the results were overshadowed by weakness in its cloud computing unit and profit guidance for the current quarter of $14 billion to $18 billion. the company's cloud quarter of $14 billion to $18 billio amazon mpany�*s cloud quarter of $14 billion to $18 billio amazon web ny�*s cloud quarter of $14 billion to $18 billio amazon web services, unit, amazon web services, reported a $19% in

reported a $19% rise in around 28.7 billion revenue, to around 28.7 billion dollars, just shy of wall expectations. street's expectations. amazon microsoft and in reportin- in reporting weak iiat porting weak ii at a timej weak numbers at a time when investors have grown increasingly impatient with big tech billions of tech ploughing billions of dollars investments and are dollars in investments and are hungry to reap returns. the company is tending with a jcgrjjpgny is tending with a from china—based deepseek�*s new ai start—up deepseek�*s new a! . and claims start—up deepseek�*s new a! , and claims it can be start—up deepseek�*s new a! , at and claims it can be start—up deepseek�*s new a! , at a nd claims it can be start—up deepseek�*s new a! , at a fraction 5 it can be start—up deepseek�*s new a! . at a fraction oft can be start—up deepseek�*s new a! . at a fraction of the] be start—up deepseek�*s new a! . amazon, )n of the] be start—up deepseek�*s new a! . amazon, like i the] be start—up deepseek�*s new a! , amazon, like microsoft, cost. amazon, like microsoft, has made has already made deepseek its available via its platform. turning to steel and moves by japanese nippon to try japanese giant nippon to try and buy us steel. a deal was blocked by former joe blocked by former presidentjoe who biden�*s administration, who said it posed a national threat. what does a administration mean for proposed takeover? f“:“�*f §§m“f**§*�*“�* “é?" 5“ 7 proposed takeover? could it of the conversation form part of the conversation japan's minister when japan's prime minister shigeru whenjapan�*s prime minister shigeru ishiba meets trump later today?

teter teeeg? , wall is teter teeev? — wall is mergers teter teeeg? , wall is mergers and nick wall is a mergers and attorney, and me the talked me through the precess would be talked me through the process would be required to deal 77 the deal passed. look, there are two steps _ the deal passed. look, there are two steps that _ the deal passed. look, there are two steps that the - the deal passed. look, there are two steps that the deal l the deal passed. look, there l are two steps that the deal has " "th'iiébjqii' ' " "gljt'iiédgi; if"? ' go through if it's to to go through if it's going to successful goly go ahead. the first is litigation. the case in front of us is currently in front of the us courts to and overturn courts to try and overturn the of president biden. degs'fi" fit us???“ b'fi'efi �*that dégs'f�*fi e�*f us???“ b's'efi �*that happens or not, i whether that happens or not, i think will be difficult. we will see what happens over the months. if the courts theedecision : thedec|5|onof fi¥§fhjffi eh? 757535513? w biden, fi¥3fhjffi $753 7�*3�*333'3'337173r w biden, then it fi¥3fhjffi $53 7�*3�*333'3'337173r w biden, then it gst president biden, then it gst goes back to and they goes back to sopius and they will reconduct their analysis. will resehdust their analvzm *w w .. ' w w it will resehdust their analysis ww w ww w ww w w w it reaches will resehdust their analysis ww w ww w ww w wwwww w it reaches the assuming it reaches the same conclusion, it will go back to conclusw'ron.wit willgo�*dask to trump to make a ' arum/all" " 7' and we'll see ' ';.n;w'eru';e; mia? there. 7 happens there. was el'eeee . of deal us happens there. gage ' ' - of deal - us steel happens there. wg$ - of deal - us steel and "t ef dea' with us ftee' eed , , ——— ~~ , ~ ,, steel? is “at ef dea' with us ftee' eed , , ——— ~~ , ~ ,, steel? is it a nippon steel? is it a bellwether? can we use it to tell house the mood tell white house the mood is trump's agenda into for trump's agenda going into his term it comes

his second term when it comes to trade, tariffs and his p0licj’723 ”7 7 w 77 america-first policy? i think from the — america-first policy? i think from the perspective - america-first policy? i think from the perspective of - america-first policy? i think i from the perspective of nippon 71:2: ease; e austere; it is. in order in the us market, m in the us market, m in the us and ket, m in the us and bein- 7=e to increase its us 3 able to increase its us production is going to be vital, if "27311255: " ' 7 " n ”imposed against " 57513255 ligand japan. n ximzpjoszezdragainstjapan. i are imposed againstjapan. i in of the wider think in terms of the wider relationship, not so us—japan relationship, not so much. this is a very unique transaction, which happened in very unique time, with very a very unique time, with very unique political influence. i don't think it reflects on the don't think. it reflectsehthew — wee—e , , — ,, japan—us relationship. widerjapan—us relationship. japan is the largest investor in the us. it is a very strong in the us. itris a very strong of 7 in the us. itris a very strong of the ausand particularly 5155's! " global tensions, i globaltensions, idon't iii-ll 777775 u-oin to 7that�*s going to change. i think. that's eeihe te shenee! w ~~ think. that's eeihe te shenee! w ~~ think should take action as bein this anz action as being reflective of the wider relationship. us—japan relationship. we've that we've heard that president donald trump has met with the boss of us steel who has been pushing for the tie—up with a senior nippon steel. a senior executive told reporters he

the meeting " the meeting iii? 77 " the meeting williopien " itheimeeting’ qiii’ofién the hopes the meeting will open the for a the leaders are way for a deal. the leaders are expected to meet later today. you might remember how trump has said he to buy well, wants to buy greenland. well, of the key reasons behind one of the key reasons behind thatis one of the key reasons behind that is huge of rare £11557" " h z z gfobalsupply global supply of these ' "'i's"£;>5£'r3iiéd"' ' mi's'egfii'rliiédby materials is controlled by but are crucial to china, but they are crucial to so much tech from smartphones to engines and wind to jet engines and wind critical metals one of lthlthlthlth roles one of the world's biggest rare earth in gepgjsjtsiincluding in its chief executive greenland. its chief executive was speaking to my colleague and says he's for his ,t°, 7 to end 7 w 5521115 " w 7 to end up in 7 77 reina 77us materials to end up in the us or eu. 77 7 important e“ f!! important because no one should be monopolised commodity should be monopolised by any onejurisdiction. commodity should be monopolised by any one jurisdiction. and commodity should be monopolised by any onejurisdiction. and in this case, that happens to be not a friendly jurisdiction this case, that happens to be not a friendlyjurisdiction to the china control the west, china. china control 97% of the world's earths. 97% of the world's rare earths. why it's so important we're ing out of the ground is because it out of the ground is because they 97% of the world's

and you're using 7 and you're using it for you 53723. 7. zzz—z 7777—7 777 the iphone i'm on ejectronics. the iphone i'm on the moment. missile systems. at the moment. missile systems. you're using it for rockets. elon couldn't send a elon musk couldn't send a rocket into space without that satellite. so really everything in world comes down satellite. so really everything in these world comes down satellite. so really everything in these rare world comes down satellite. so really everything in these rare earthi comes down satellite. so really everything in these rare earth metals. down to these rare earth metals. as ou to these rare earth metals. as you say. _ to these rare earth metals. as you say, getting the stuff —:(hee—es.—.::,—e,— ~ ..,,, w— 777th7e77g77ro77u7r717d7777777 77 7 th7e77g77ro77u7r717d77 77gr7ee7nl7a7nd7 77 7 th7e77g77ro77u7r717d77 77gr7ee7nl7a7nd7 i757 the 36711765 77greenland is a of the ground in greenland is a bit easier than there is still a huge but there is still a huge lthlthlth logistical thlhthlhthlhleeistissl$5de ,a, * ww istrsfzsgee; t.w.w.w.:. w..:.w. when thlhthlhthlhleeistissl$5de ,a, * ww istrsfzsgee; t.w.w.w.:. w..:.w. when it to refining this into terms te refining thiswihte w stuff, isn't useful stuff, isn't there? correct. that is the biggest we face. challenge we face mine be the mine itself will be sustainable. we have two by products www“ ' " ’ " " " ' sustainable. we have two by products ww“ will " ’ " " " ' sustainable. we have two by products ww“ will make ’ " " " ' sustainable. we have two by products ww“ will make the " " ' products which will make the mine profitable. the rare earths part of the equation is going to be a negotiation. now, going to beanegotiatiom now. �* that's going to beanegotiatiom now. �*that�*s processed in an jurisdiction or a us eu jurisdiction or a us jurisdiction is up to

some funding from. we're get some funding from. we're happy with either it's happy with either because it's going to go service to the west so it's not into so it's not going back into china or russia. so it's not going back into chi look russia. so it's not going back into chi look nowria. so it's not going back into chi look now at opening of ninth winter after hosting the three years after hosting the winter beijing has for ior the ice ambitious targets for the ice moscow economy, with plans boost the te beest the sester; estimateerrr , ~ ~ worth over $200 billion by to worth over $369 billion by the government is looking to worth over $369 billion by market government is looking to worth over $369 billion by market northern ent is looking to worth over $369 billion by market northern china looking to worth over $369 billion by market northern china as )king to worth over $369 billion by market northern china as a ing to market northern china as a destination for winter sports while capitalising on white sso’itstising on such the annual attractions such as the annual ice festival. an were”, a. 73177777 "a 77777 77 77 grimy; 7777 77 77 may; analytics me why china sees meiinichina sees me 1 in these sees me \ in these sees l they potential in these seertse ,, , , , organic potential in these seertse ~ , , , organic platforms petential in these seer—tse ~ , , , organic platforms like the have organic platforms like the ice and snow festival in its 26th year now and province also heilengiiang's erevinse etse organic growth in terms of sees organic growth in terms of its testing of in

its testing of equipment in climate conditions and extreme climate conditions and skiing resorts. so := :7_ = look like7 there is a 7777bit707f77 77 7 77 7 bit of promotion that good bit of promotion that is also happening not 27-2: china77 but in northern china but in southern china as there is a shine as well where thereuewwwwwww”w*w'ww”w*'*’ of ghin—g £3 well ehefe w7777777777777777777 of shine as well where there'is'es'” ' ' of of these let ef attrastiens a5 these—— and tourism for these vouchers and tourism for these ggnsumers take part in. so sensumefi’s te ts'vse start in! se looks like are ways it looks like there are ways that china is looking to that china is looking to a domestic is attract a domestic audience. is the audience to? are they beyond borders? will eyond borders? will eyond have orde7rs? will eyond have toie7rs? beyond china’s beyond {nines border teeh beuehd china�*s berderte rrrr r rrr growth. leek. beyehd china's berderte . , . growth. if you teeh beuehd china�*s berderte rrrr r rrr growth. if you think leek. beyehd china's berderte . , . growt�* sportsi think teeh beuehd china�*s berderte rrrr r rrr growt�* sports in 1ink about wfitofr’s’o’orts thesis. think of about wfitofr’s’b’ofts thesis. think of or south you think ofjapan or south iggrea, china is more of an korea. so china is more of an destination but up—and—coming destination but wise, there is infrastructure wise, there is certain gaps that i think still certain gaps that i think china is keen to fill in and we can do kind of can also do that kind of promotion.—

can also do that kind of romotion. ,, ., can also do that kind of romo marco ,, ., can also do that kind of promo marco rubio, oii can also do that kind of promo marco rubio, has oii can also do that kind of promo marco rubio, has said of state, marco rubio, has said it's absurd that us government vessels pay to go through the panama canal. came panama canal. his comments came the panama canal after the panama canal authority rejected the us state department's claim that the us government vessels will no be charged crossing fees longer be charged crossing fees to use the waterway. currently, us 7 77 7us7m7ake7s77 77 77 7lj7s7n717ake7s7up 77 7 77 7u7s7n717ake7s7upa777 77 7 us makes up a 7significant777 the us makes up a significant proportion of traffic through the canal, to of the canal, accounting to 52% of in 2024. us the canal, accounting to 52% of donald . us the canal, accounting to 52% of donald trump has been president donald trump has been threatening to seize the alleging china's threatening to seize the on leging china's threatening to seize the on leging ct now, we influenee on panama blew. we keeping a influenee on panama ttew. we keeping a close eye on are keeping a close eye on india's central bank because it is widely to is widely expected'to announse much—anticipated rate cut, first in nearly five years. the first in nearly five years. we cross delhi to our we cross live to delhi to our correspondent, staying across the developments. tell because the developments! tett besause driving the possible is driving the rbi's possible decision? and are close what it's thinking? hearing what it's thinking? we're very in i'm we're very close. in fact, i'm listening in to the governor of

the reserve bank of india the’reserve bank of india he's been giving 7 about their stance poligf 5:1: zws tizf”: policy but we heard and policy but we haven't heard the announcement about rates the ahheuhsernent about at“-u...u..u........u....,, yet. it the ahheuhsernehtabeut ratesm ~ . yet. it should happen any now. there is a t'm3 h3“? th3'37'373 $333 77 that tlm3 “fig? th3f37'373 $333 77 that the t'm3 h3“? th3'37'373 $333 77 that the rbi tlm3 “fig? th3f37'373 $333 77 that the rbi will expectation that the rbi will go in for that record rate cut, the first time nearly five the first time in nearly five years, as you mentioned. the one we saw was in 2020, last one we saw was in 2020, may, soon the pandemic then the says rates then yse says rates hiked in and they maintained level. 7 level. believe is the time, 27: 7 the governor the governor alluded a short while back saying to a short while back saying inflationary pressures are within the rbi's comfort finance the finance minister presented budget on saturday in which the budget on saturday in which the budget on saturday in which the thrust was to boost consumption and spending, about 60% of india's gdp. she revised 7 slaps to put the income tax, slans te nutr r money in the hands of more money in the hands of so pop rate cut could =e= be a fiscal stance in that because it would be direction because it would be especially good news lower especially good news for lower and middle—income groups, for

77are looking esssuy 22:2 buy a house. 77 buy a house. home 77 buy a house. home loans 7 buy a house. home loans are to buy a house. home loans are jie' to w w w more likely to become more affordable. the point is affordable. the point that is affordable. the point that is a and in the still a concern and in the governor's address, he =zz —— 77 a = a said the rupee remains a big because it's been concern because it's been declining in value, especially donald trump's looming given donald trump's looming �* threats. given donald trump's looming �*threats. that will be tariff threats. that will be part of the as they look m - ,,- is. 7 is. we 7 7 7 isweshouldknow igih�*esa’hmh ih7 igih�*esa’hmh in}; policy is. we should know in a short while now what short while from now what that is. thanks very much that. for your time on thanks for your time on business today. bye for now.

tonight, insiders speak about sean coombes. grenfell tower. to be. .

what does that mean? you could pay less to borrow earn less on your savings. including sex trafficking. but the bbc has spoken to former insiders who said of violence and sex. it wasn't uncommon to fly women in from around the country to have sex with people in the studio. to announce that grenfell tower in london will be dismantled.

game using puppies. super bowl is on. how cute! that's us for tonight, have a good one. our headlines: holders liverpool book their place in the final

will it be ready in time? in the sport is launched. welcome along to the programme. let's start then with liverpool, to win 4—1 on aggregate our correspondent andy swiss was there.