welcome to business growth. welcome to business apple announced a today. apple has announced a plan to invest $500 billion in us and hire 20,000 people the us and hire 20,000 people in the over the next in the country over the next four years. the move comes as president increases 777 77china,77777777 777 77cfiina77in7cludi7ng pressure on china, including �*tariffs on all imports. the at iphanes are majority of iphones are produced in china. here is our american proddced in china. here is ddr american business north american business correspondent. apple made a big ahead of its annual general meeting at to meeting at the company seeks to the trump navigate the trump tariffs on administration's tariffs on chinese imports, which could push up the cost of iphones. perhaps the most significant part �* the is the perhaps the most significant part to the is the perhaps the most significant part to open is the perhaps the most significant part to open a is the perhaps the most significant part to open a new is the plan to open a new manufacturing in manufacturing facility in houston in it is set to houston in 2026. lt is set to service for s—sz 7= -7: it's aa powered intelligence, it's aa powered features. the company claims new plant 7 new plant will this new plant will create thousands of the move thousands ofjobs. the move comes after apple ceo tim cook

=-—7= 77 77wit7h777 707035137 77 met with presideotdoneld trump week. following that last week. following that the president said meeting; the eresieeotseie ~ ~ would be meetiha; the eresieehtseie ~ ~ would be shifting apple would be shifting to the us. applewould -~ -'- '-, to the us. , production to the us. they “ust sto ed production to the us. they “ust stopped them. i production to the us. they “ust stopped them, - willi “bffgdthgh�*this/s'flifu'1'i�*7777777777 instead “flfifigd �*hgm�*i�*gefi'nb�*u'ld - instead because steppe-ii thsmthsee'flbu'ld " instead because don't here instead because they don't want _ here instead because they don't want to— here instead because they don't want to pay the tariffs. the u, megs, ,, ,, as; h ise’s “2&4“ §% has made as; h ise’s “fe�*fl�* % has made bringing president has made bringing manufacturing back to america a top priority and apple's announcement follows similar commitments from other tech commitments from'other—tech including microsoft, giants inctuding microsoft. 0racle giants inctuding microsoft. oracle and open ai giants inctuding microsoft. oracle and open al to up us investment. in a apple figs; "firmwfr'mr _pple 77 7777777777777 ——t 7 apple ceo tim cook statement apple ceo tim cook said are bullish on the statement apple ceo tim cook said of re bullish on the statement apple ceo tim cook said of american on the statement apple ceo tim cook said of american innovation future of american innovation and we are to build on long—standing us our long—standing us investments. it all follows a trend of similar promises made by apple during both the biden trump administrations, and trump administrations, though it didn't follow through some �* those previous on si the of those previous on si the trump .e previous now over a month old there remains a convicted approach

towards china. 0n remains a convicted approach towards china. on one hand towards china. on one hand more tariffs and on other 7 7 7 "use. h77and 77 7 7 77 7 7 751ng sang. gag; 7 77 7 7 the other hand trade economics and the scent of international studies. he gave me his view on state 7 state of 7 state of play between the the state of play between the worlds largest economies. the us and chinese are having quiet talks that are eh iettstiss 721133. §f§7f7§l§tl7€§l7§ 77 7 level, auiettstiss 721133. §f§7f7§l§tl7€§l7§ level, but in terms of low level, but in terms of action, what we have seen is issue variety of variety, issue variety of orders but the o n fe nta nyl on fentanyl are tariffs on fentanyl are prepared to low out on the terrace. have also pointed terrace. they have also pointed a slew of officials who are quite hawkish. the chinese have quite hawkish. the chinese have threatened more already threatened more retaliation. the signs of a escalation outnumber possible escalation outnumber that signal a potential those that signal a potential deal. it those that signal a potential deal s” those that signal a potential deal. ., , ., , those that signal a potential deal. ., , , ., ., deal. it has only been a month or 'ust deal. it has only been a month oriust over— deal. it has only been a month oriust over a _ deal. it has only been a month orjust over a month _ deal. it has only been a month orjust over a month since - orjust over a month since president trump started all executive actions on these executive actions on tariffs and the like. has there been any direct impact on businesses and consumers so far? is businesses and consumers so far? , , ., , businesses and consumers so far? ,, ., , far? it is probable too early to know _ far? it is probable too early

to know for _ far? it is probable too early to know for sure. _ far? it is probable too early to know for sure. us - far? it is probable too early to know for sure. us prices| far? it is probable too early . to know for sure. us prices are = n: higher than most 7 7777l7i77ke7.77t7he777 li7ke. the7possibility of go77ing7 as "as r sss . ’ going seems going seem7s still prices going higherseems still the possibility of possible. the possibility of tariffs going we will need tariffs going up. we will need to see what the economic effects are, 10% tariff that we effects are, lq�*tétariff that we and just just imposed and just started tariffs not 7= to 7make to make an economic going to make an economic impact right now but businesses you have elsewhere as you have reported elsewhere are making plans to diversify away from china with the possibility that tariffs and �* trade possibility that tariffs and �*trade restrictions possibility that tariffs and �* trade restrictions will ether trade restrictions will. , ., ,, ., ,. ., ,, imposed. president trump says that new on canadian and mexican levies on canadian and mexican "on—time and on imports are "on—time and on schedule". the president is 25% tariffs on both threatening 25% tariffs on both canada and mexico as soon as march the 4th. the import marchrthe 14th. the import were previously marchthe 14th. the import were previously delayed after 7 7 after countries fera month after countries ww " w to fera month after countries ' ww " w to boost their border efforts . efforts. south policing efforts. south korea's central bank has cut interest rates to the level rates to the lowest level since august 2022 as it looks to

rates to the lowest level since august 2( country's ioks to rates to the lowest level since august 2( country's slowing boost the country's slowing economy. the bank of korea has lowered rates to 2.75%, the third cut in the last four meeting. the was in economist with the central expectations with the central bank down its growth bank revising down its growth forecast for year to i.5%. forecast for this year to i.5%. bangladesh has resumed direct bangladesh has resumed direct with for the trade with pakistan for the first time it an first time since it became an independent in 1971. independent country in 1971. the deal comes after an improvement in relations the two south asian between the two south asian countries after an interim was countries after an interim was installed in government was installed in bangladesh last year. let's cross to mumbai and connect with dyla n dylan acra. is significant for the of the region. geopolitics of the region. bangladeshis geopolitics of the region. bangladesh is at the bangladesh is important at the moment to deal with internal, moment to deal with internist.” "””' rice it moment to deal with inte’rnat.” "””' rice it is a ongoing rice crisis. it is a staple in bangladesh but prices zoomed, seeing

have zoomed, seeing sharp inflation after floods destroyed a large section of part i the destroyed a large section of part �*the crop produced. bangladesh has hence, bangladesh has actually scrapped its import duties and sourcing of is diversifying sourcing of rice international rice from international markets, including from india and pakistan. the country has been economic been facing economic and near. 77777 instability since last year. but this resumption of trade ties between and is also crucial and bangladesh is also'crucial and for the geopolitics significa nt for the geopolitics of entire significant for the geopolitics of entire subcontinent. of the entire subcontinent. bangladesh under the former fidfi has hostile towards government was hostile towards pakistan and friendlier to india. but since fleeing and taking refuge in india, the only taking refuge in india, the same only :,,ef taking refuge in india, the same time, ly :,,ef at the same time, bangladesh has actually warmed up to with chief adviser pakistan with the chief adviser having bilateral exchange and meeting pakistan's at meeting pakistan's premised at least since this least twice since then. this warming up of ties of two

neighbours with whom india has neighbours with whomslndiasshas historic is 7 that new 7that77n7ew7d77elhi ebqihqqoeihi would something that new delhi would be very carefully out be very carefully watching out for. thank you. the president of indonesia has launched a sovereign wealth fund as part of plans to use resources , the country to the econom . the new fund drive the economy. the new fund will manage the assets �*the will manage the assets of the state owned country's state owned said to be worth enterprises, said to be worth about $900 billion. that money will then be into will then be invested into large—scale such as large—scale projects such as new housing developments and attracting foreign investment into factories. a financial into fagtories. a financial and igtojagtories. a financial and consultant journalist andrcohsulta ht how the journalist andrcohsultaht how the fund will explained how the fund will work. there were state investment aims to consolidate assets that aims to consolidate assets and leveraged to give and leveraged them. to give some context, the president

says some context, the president says the assets are worth 900 billion us dollars. singapore close to that manages close to that figure. the gic is a more the gic is a lot more established and has a longer record, as well. there track record, as well. there are some investors who question �*did he get are some investors who question �* did he get that billion how did he get that 900 billion figure? in short, the 7 7 ambitions and the speed7 7 ambitions and the speed7at —: = -: he is trying to achieve which he is trying to achieve them are hallmarks of his them are hallmarks at his but the them are hallmarhs at his but the is presidency, butthe question is �* he will balance with how he will balance this with the commercial reality. and how he will balance this with the commercial reality. how he will balance this with the he nmercial reality. how he will balance this with the he balance , reality. how he will balance this with the he balance the lity. how he will balance this with the he balance the books? i hoof how he will balance this with the he balance the books? with how he will balance this with the in balance the books? with how he will balance this with the in mind, e the books? with how he will balance this with the in mind, how: books? with how he will balance this with the in mind, how he ioks? with how he will balance this with the in mind, how he )0 he with that in mind, how he is he looking to sovereign looking to manage the sovereign wealth fund? i looking to manage the sovereign wealth fund?— wealth fund? i think the aim is to — assets- l paper uses ::et :ccc:c paper it777 sees :ccc:c paper it makes sense. their ii— is to combine assets and

plan is to combine assets and achieve economies of scale. then they can to attract then they can try to attract investors to support the growth. but the key domestic growth. but the key thing for investors are thing is for investors are really governance and really governanceandse as e s from political independence from political intervention. basically, 7 7 don't 77 7 7 don't want7 investors don't want him to become like cash cow for _urposes. 77 77777777777 77777 sports has been in 38 as legalised in bbsstates as well dc that has flo7odgates to new 0ne7fifth of american punterscsonesfifth ofamerican have down. adults have put money down. jason robbins, the boss of kings, remains on in a; 2025. ritika gupta kept dulca caught up ritika gupta kept dulca caught up with him. its,

ritika gupta kept dulca caught up with him-— up with him. a lot of our action is _ up with him. a lot of our action is that _ up with him. a lot of our action is that the - up with him. a lot of our action is that the state l up with him. a lot of our . action is that the state level action is that the state level and we are regulated in 28 states now. there are for example to opportunitiesfor—example to repeal the federal opportunitiesfor—example to tax repealthe federal opportunitiesfor—example to tax which l the federal opportunitiesfor—example to tax which really ederal excise tax which really doesn't make sense any more, it was put = 2:2 =zze place to stop7 7 place to stop7 illegal in place to stop illegal betting back in the 1960s and really apply a have 7 have spoken policymakers lshavesspoken to it is keep tax. at a otherwise we reasonable rate otherwise we won't be able to with won't be able to compete with the illegal market which is the illegal marisett-lhich is " ' right the illegal mariset which is " ' right now the illegal marisett-lhich is " ' right now in the us, rampant right now in the us, billions and generating billions and of dollars and they no tax and don't 7 no tax and don't follow any pay no tax and don't follow any or rules. in order regulations or rules. in order to be competitive with them, we have have reasonable tax have to have reasonable tax rates. have to have reasonable tax rates. , , . . iii! mm wind from the growing legalisation in several states. 7777777d7o77 . s...,...., . 7 do expect 7 7 7777777do 7e7xpect7th7e777777 ' where do you expect the next leg of to from? i leg of growth to come from? i think there will be additional but i also think have a tremendous amount of we have a tremendous amount of growth in our existing states. most of our states have only around for a few less . less. so there is a lot of

some less, so there is a lot of really early building markets out there and we are just really early building markets out thei to nd we are just really early building markets out thei to nd i ramp. ust really early building markets out thei to nd i ramp. also we starting to see ramp. also we believe is at some point be'ee thee is at """e :*"�*s' s s . s ”s to be opportunity to going to be an opportunity to expand outside us, starting 7- 7 grith canada. recap of our top story. apple a recapof our top story. apple announced plan to invest billion us and hire 20,000 $500 billion us and hire 20,000 people in the over the people in the country over the next four years. the investment with a new advanced will start with a new advanced manufacturing in texas and the vast majority of newjobs will in research and in research and de7velopment and artificial software and artificial intelligence. thanks for your i will see what the time tomorrow.

tonight on the catch up — three years of war in ukraine, the southport attack. so if you're affected by anything in this programme, it's been three years since russia fully invaded ukraine. thousands of lives have been lost and homes destroyed. today, ukrainians across the uk have been talking about how they feel. this journey was not easy for us but in all our way who supported us.

survivors of the southport attack have been speaking out about what happened lastjuly. i just knew that if i didn't get out, she was stabbed multiple times. but still, sarah led several children, including her sister, to safety. i remember shouting for them to get down and get out to get everyone out. i'd love to go ahead and do campaigns and stuff

even that bit of awareness, even if it can save one single life, it's doing something. that's us, take care. hello. welcome to sportsday, i'm hugh ferris. our top stories... new zealand to the semi—finals. more job cuts at manchester united, with the club admitting and the women blazing a trail in formula one. to one of their engineers.