i'm steve lai. the trump administration will no longer impose tariffs and sanctions on colombia, after the south american country agreed to accept deported migrants from the united states. both sides had slapped 25% tariffs on each other over the deportation of migrants — but the us has now backtracked on that. for the latest, let's bring in our reporter. get us up bring in our reporter. get us up to speed with all the twists and turns. up to speed with all the twists and tum-— and turns. it's escalated rather quickly, - and turns. it's escalated rather quickly, but - and turns. it's escalated rather quickly, but it - and turns. it's escalated | rather quickly, but it also managed to de—escalate quickly. we still don't know what changed colombia's mind because, if you actually look the president of poland tells the bbc to western europe. i'm steve lai. the trump administration will no longer impose tariffs and sanctions on colombia, after the south american country agreed to accept deported the sout

i'm steve lai.n the us, the latest minutes from the federal reserve showed that officials were eager to slow the pace of interest rate cuts this year. they cited rising inflation risks on the horizon as donald trump returns to the white house. of the minutes from the fed meeting in the summer show officials have adopted a new stance when it comes to interest rate cuts amid upside i'm steve lai. in the us, the latest minutes from the federal reserve showed �*to that officials were eager to slow the pace of interest rate cuts this year. they cited rising inflation cuts this year. they cited rising ii as tion cuts this year. they cited rising ii as donald trump returns horizon as donald trump returns to the white house. of the minutes from the fed meeting in the summer show officials have adopted a new stance when it comes to interest rate cuts amid upside risks to inflation. policymakers are in no hurry to cut rates and would like to see more evidence that price increases are coming down. the minutes,

i'm steve lai. within the last hour — the office of israeli prime minister benjamin netanyahu has said a "deal to release the hostages" has been reached. a statement said the families of the hostages had been informed and that preparations were being made to receive them upon their return. if the deal is approved by israel's cabinet on friday, the truce agreement would begin on sunday and involve the exchange of israeli hostages for palestinian prisoners, after which the terms of a permanent end to the war would be finalised. our international editorjeremy bowen, has this report from jerusalem. just a few hours after the ceasefire agreement was announced, men in northern gaza were back digging through the rubble for the dead and wounded after an israeli strike. the ceasefire is not due to start until sunday. then they heard a small voice. boy screams. he was alive. strong enough to wave for help. his name is assad fadel khalifa. his parents, sister, aunt and uncle, we're told, were killed in the str

the release deepseek ai from a chinese should be a = -e= = e-u i'm steve lai. firms as investors respond hugely popular ai chatbot called deepseek. it's only been available for a week, than its more famous us rival, chatgpt. when trading opened. from the firm's value.

i'm steve lai.ion in market capitalization on monday. that's the biggest one—day loss in us history. the sell—off was spurred by the rising popularity of a low—cost chinese artificial intelligence app — deepseek, which is presenting increased competition in the global ai battle.0ur north america business

i'm steve lai. us secretary of state antony blinken says he's confident that ceasefire between israel and hamas will go ahead on sunday as planned. that's despite major disagreements in israel's cabinet ahead of a crucial vote to ratify the deal. israeli prime minister benjamin netanyahu delayed the vote, accusing hamas of trying to alter the terms of the agreement at the last minute. israel's security minister, itamar ben—gvir, who is part of the hardline right—wing faction of the government, threatened to resign if the deal is approved, describing it as a reward for hamas. on wednesday night, there were jubilant scenes in gaza at the news of a ceasefire — which will not come into effect until sunday at the earliest. but the violence in the territory continued. israeli air strikes killed more than 80 people including women and children, according to the hamas—run health ministry. our international editor jeremy bowen has this report from jerusalem. just a few hours after the ceasefire agreement was

i'm steve lai.fficials in los angeles of warning that they expect the number of people killed in a series of devastating wildfires to rise as emergency crews struggle to contain powerful blazes. at least seven people are confirmed to have died as flames fanned by strong winds tore through homes and businesses. the body of one man was found outside his levelled house, a garden hose still in his hand. about 180,000 people have been ordered to leave their homes. and the strong winds that are fanning the fire are set to continue overnight. you can see the smoke above those homes. many neighbourhoods have been left unrecognisable. residents have described the firestorm as "apocalyptic". there are still 5 major fires alight around the city. authorities say the two largest are completely uncontained. one is the palisades fire, which was the first to erupt on tuesday. emergency services have finally started to make a dent in the fire. in the last hour they have said the pasadena fire is now 6% contained. ——

hello, i'm steve lai. officials in south korea are trying to arrest the president of his attempt to impose martial law. investigators that were left with no choice but to an arrest after yoon l to comply with multiple requests for questioning. the rest is proving difficult. this is the scene outside of the presidential residence. you can see lots of police personnel and vehicles as well lining the streets keeping a close eye on the situation and are poured say 120 officers and 30 officials are attempting to make the arrest and are at the door of the residence trying to get in. the securities him making it difficult. officials already have gone past a military unit protecting the president and hundreds of supporters gathered outside his residence. our correspondent gave us this update from outside the residence. this started before we even woke up this morning. by the time we woke up there was a huge police presence in the capital and they cordoned off the roads leading to president yoon�*s address. there w

i'm steve lai. we start in the us, where firefighters with it, in terms of the scale and scope. governor newsom also signed an executive order on sunday which suspends some environmental laws, aimed at helping los angeles rebuild faster. much of the focus would be on constructing buildings that can withstand future threats. kate cotter is the founder and ceo of the resilient building council in australia — a country that frequently experiences wildfires. she said the damage in los angeles was "eye—watering". la fires are absolutely catastrophic. we haven't seen single fire events in australia, you know, more than a few thousand building losses. so seeing that go over the 10,000 building amount is just eye watering, it is so devastating. so, what we find is similar is that fires burn homes down in the same way, they need the same things, fuel and wind and steep terrain, and both countries have got those things that make them fire prone. what is, i guess, different is that la has got which suspends some environmental laws, much of the focus would be on constructing buildings that

i'm steve lai. in the past few hours, president trump has announced the creation of a huge artificial intelligence project called stargate. it will see the private sector invest $500 billion in al infrastructure in the united states over the next four years. it comes after he delivered on his promise to immediately sign a blitz of executive orders. one of the first, pardoned more than 1500 people convicted or charged in connection to the 2021 capitol riot. president trump commuted the sentence of another 1a people — meaning their sentence will end but convictions will remain on record. several have already been released from jail including former proud boys leader enrique tarrio, who was serving 22 years for seditious conspiracy. and the founder of the oath keepers stewart rhodes who was jailed for 18 years. our north america editor, sarah smith, reports on day one of donald trump's return to the white house. cheering he's obviously feeling invincible, sword in hand, dancing shoes on, celebrating hi

i'm steve lai. we start in seoul, where the suspended south korean president, yoon suk yeol, has finally been arrested over his short—lived martial law declaration in december. there have been angry scenes and clashes outside the presidential residence where there have been angry scenes and clashes throughout the morning. investigators forced entry into the president's home to arrest him early on wednesday morning. it was their second attempt to arrest him after being prevented by president yoon�*s security staff. in the last hour, president yoon himself has released a video message. in it, he said: i'm joined now by our reporter rachel lee who is there for us outside the presidential residence. hopefully you can hear me this time around. get us up to speed with later now that president yoon been arrested. figs with later now that president yoon been arrested.- with later now that president yoon been arrested. as you can see here. _ yoon been arrested. as you can see here. the — yoon been arrested. a

i'm steve lai.efighters in los angeles are tackling new fires that have flared up in angeles national forest, located just above nasa's jet propulsion lab. the area is popularfor hiking near millard waterfall. a crew at the scene reports the area is now "dry as a bone". some progress has been made as firefighters continue to battle multiple fires across the city, but the la county fire chief says that the threat of more blazes is still �*very high�*. the death toll has now risen — 2a people have been killed. at least 20 people have been arrested for looting, including two who allegedly posed as firefighters. earlier today, governor gavin newsom said that 1a,000 people are actively working against the fires in what he says could be the worst natural disaster to hit the country. so far, firefighters have managed to contain the kenneth fire from spreading. the largest fire in the palisades is contained by only 11% and is still spreading east, threatening the suburb of brentwood where vice president kam

i'm steve lai. the new european union trade chief responsible for post—brexit negotiations has told the bbc "that a pan—europe customs area is something he could consider" as part of "reset" discussions between the uk and eu. some businesses say it will help britain rejoin complex supply chains that have been hit by customs barriers. faisal islam sat down with him at the world economic forum in davos. has been trying trade because the consequences of a trade war out severe may would be to but there is generally uncertainty. on the other hand there is optimism on what he us economy can do and in particular the tech giants and and that is spreading across the economy. and how it is tech investments. i have been trade commissioner about all of this and he was president saying, which is part there is donald trump focuses of him, some discussion. court but expressed interest in a close relationship, there are moves arrangement to us president donald trump has escalated his campaign against diversity prog

i'm steve lai.e start in the us where firefighters in los angeles are making progress in battling wildfires across the city. one smaller fire was contained on sunday, but two of the largest blazes are still raging. 2a people have died according to officials. there are fears of more devastation to come as strong winds are forecast for the coming days, raising the threat that the fires could spread. private forecaster accuw eather estimates that the disaster —— accuweather estimates that the disaster will result in losses exceeding $250 billion. california's governor gavin newsom said in an interview with nbc news that this could be the costliest disaster in us history. is or will it be the worst natural disaster in the history of the united states? i think it will be in terms ofjust the costs associated with it, in terms of the scale and scope. governor newsom also signed an executive order on sunday which suspends some environmental laws, aimed at helping los angeles rebuild faster. much of the focu

i'm steve lai.begin in the us, with nvidia losing nearly $600 billion in market capitalization on monday. that's the biggest one—day loss in us history. the sell—off was spurred by the rising popularity of a low—cost chinese artificial intelligence app — deepseek, which is presenting increased competition in the global ai battle.0ur north america business house. the release of deepseek ai from a chinese company should be a coalfor f-f 7-7 that we 7 to be laser is that we need to be laser competing to win. deepseek�*s r1 model impressive. on the live page. many families are preparing for the biggest holiday of year. for updates throughtout the day, please head over to our website bbc.com where you can get more details on the live page. in other news — us president donald trump told reporters on monday that microsoft is in talks to acquire social media platform tiktok. he also added that he would like to see a bidding war over the app, which was set to be banned earlier this month. it comes nearly a w

i'm steve lai. to the tech world, where consumer electronics show 2025 kicked off in las vegas. nvidia ceo jensen huang is delivering his keynote address probably the most important address at ces this year. we did see the rtx 50 series debut. they are much more powerful but we see better and better chips every year at ces. what was really imprtessive to me was that the prices are going down. jensen huang just announced that you're going to be able to get an ai pc starting at $1300. there are about 200 million pcs shipped every year. this is the next phase of growth for them. the price point is correct so i think there's correctly a lot of enthusiasm by the investor community and the tech community in nvidia right now. nvidia has been showing great strength over the last year or so as ai has gathered pace and that shows no sign of slowing down? it doesn't but companies like openai are losing billions of dollars a year and so how to monetise ai will creep into the narrative. if the hyperscale data centre companies cannot make money on it, they will not be buying these chips. that

i'm steve lai. we begin with breaking news — earlier we told you about tariffs with columbia but now we hear that they may not be taking place. mariko oijoins us. tell us about the progress. we were telling you about how quickly this tension escalated but it seems like it managed to de—escalate quickly as well. we just saw a statement from the press sakkari of the united states saying the government of colombia has agreed to all of president trump's terms including that all illegal aliens from colombia to return on military aircraft without delay. the military aircraft was what presidents petro was complaining about, saying these people are not criminals and should be treated with dignity and should be returning in a civilian planes. he even offered to send his presidential plane to get them back home and that was when mr trump announced the key 5% tariffs on everything that gets imported from colombia into the united states which he said could be raised to 50% in a week and president petro then ret

i'm steve lai. the us supreme court is set to hear arguments on friday on an impending law that would force the chinese company bytedance, to sell social media platform tiktok to an american company, or be banned in the us. the bbc�*s north america technology correspondent has more on how this could unfold. congress passed that law in april on national security grounds. lawmakers expressed concerns that tiktok�*s chinese ownership, bytedance, means that the data of millions of americans could be compromised, and that they are also prone to manipulation by china's communist party. tiktok has consistently denied those allegations. they have expressed confidence that they will get the outcome that they seek from the supreme court. president—elect donald trump, meanwhile, has weighed in, despite once trying to ban the app himself. he has now filed a brief in this case asking the supreme court to temporarily block the law so that he can try to save it. tiktok has repeatedly denied any potential influence

i'm steve lai. it's a big week for markets with investors eyeing the federal reserve�*s first policy decision of the year on thursday. their meeting comes hot on the heels of us president donald trump's comments to attendees of the world economic forum in davos last week, where he demanded that interest rates drop immediately. also during the week, we get report cards from a tech giants microsoft, alphabet, meta and tesla. for more on the outlook for markets in the new era of trump, let's bring injameelahmad, chiefanalyst at gtc global trade. the central bank is completely independent of any kind of outside interference and we have to take into account here that sometimes the bug is worse than the fight because last week, yes, interest rates, but in the lead up to the november 2024 presidential elections, he also said that yes, he can give an opinion, but the fed is left to do its ownjob and an opinion, but the fed is left to do its own job and that will be a reality. the fed cut interest rates thre

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

i'm steve lai. latest minutes from the federal reserve showed that officials were eager to slow the pace of interest rate cuts this year. they cited rising inflation risks on the horizon as donald trump returns to the white house. our north america business correspondent ritika gupta has all the details. the minutes from the fed meeting in december show officials have adopted a new stance when it comes to interest rate cuts amid upside risks to inflation. policymakers are in no hurry to cut rates and would like to see more evidence that price increases are settling down. fed officials also expressing concern about the impact president elect donald trump's policies could have on efforts to reduce inflation. without calling out trump by name, the meeting summary featured at least four mentions about the effect that changes in immigration and trade policy could have on the us economy. in december, us central bank has cut their benchmark lending rate to a range of 4.25% to 4.5% for the third time in a r

i'm steve lai.oss los angeles have reopened after almost a week of wildfires. but the city is bracing for further flames with forecasters warning that strong winds are set to return. the strongest winds are expected to be on tuesday in ventura county, north of la. while they're not not expected to match last week's intensity, wind gusts could reach 70mph, about the force of a categoryi hurricane. three major fires are still burning. the palisades fire has burned more than 23,000 acres and is now 14% contained. the eaton fire remains the second largest. there have been great stories of people helping each other

i'm steve lai. country's history, a sitting president has been arrested. president yoon suk yeol was taken in by investigators this morning after a failed attempt earlier this month. he's being questioned for his short—lived martial law declaration in december. you're looking at live pictures outside president yoon�*s residence where crowds seem to have dwindled since the arrest. you dwindled since the arrest. can still see many flags they're you can still see many flags they're still waving. —— flags there. earlier, that was where investigators forced entry with 1,000 police officers reportedly deployed to assist.

hello, i'm steve lai. thank you forjoining us.st president yoon suk yeol over his attempt to impose martial law last month. investigators say they were left with no choice but to attempt to arrest an arrest, after president yoon failed to reply to multiple requests for questioning. the arrest itself is proving difficult. this is the live scene outside the president's official residence, with a stand—off. hundreds of his supporters have gathered outside, chanting, "stop the steal." mr yoon has been charged with insurrection and abuse of office, but says he will fight to the end. he is the first sitting korean president to face arrest. yoon�*s legal team were seen entering the compound of yoon�*s residence within the past hour. his lawyers have called the arrest unlawful and said they would take legal action

welcome to newsday, i'm steve lai..5 days in the white house — donald trump has signed a slew of sweeping executive orders. the latest — a mandate to dismantle all diversity, equity and inclusion programs. on to more in the way of cloud, maybe a little bit of rain, and temperatures 5—8 degrees.

i'm steve lai. let's begin in the united states where president biden has just delivered his farewell address, the outgoing president warned that oligarchy is taking shape in america. among a few wealthy people whom he says have amassed dangerous concentration of power. he added that artificial intelligence is to continue to be regulated and that the us must continue to lead the way on the technology ahead of china. we must make sure ai is safe and trustworthy and good for all humankind. in the age of ai, it is more important than ever that the people must govern. and as the land of liberty, america, not china, must lead the world in the development of ai. this comes as the us tighten its control of advance semiconductors and under the new measures, chipmakers like tsmc and samsung are required to tighten their due diligence processes for customers and in particular, chinese firms. the commerce department have put sanctions on 16 chinese companies that said were acting quote at the behest of ageing.

i'm steve lai. we begin with news out of the middle east.ncluding civilian hostage arbel yehud. israel had accused hamas of breaching their ceasefire terms when she wasn't released along with other hostages on saturday. in return, israel will allow displaced palestinians

i'm steve lai. to the tech world, where consumer electronics show 2025 kicks off today in las vegas. nvidia ceo jensen huang is delivering his keynote address probably the most important address at ces ces this year. let's bring in our technology correspondent lily jamali for more. what stood out from huang's speech? hausmann is the rtx 5000 series, new family of chips that use technology to create images that look like something out of a movie. the other thing that stood out was that he was almost making a pitch for al at the top of the keynote. as much hype and excitement as there is around ai, there is still this need to explain the case. what else is getting _ need to explain the case. what else is getting buzz _ need to explain the case. what else is getting buzz at - need to explain the case. what else is getting buzz at ces? - need to explain the case. what else is getting buzz at ces? a i else is getting buzz at ces? little bit of something for everybody here. choose your poison. health, age

i'm steve lai.et's begin in south korea where investigations have —— arrested the impeached president yoon suk yeol. the first sitting president to be arrested and he is at the anticorruption agency office. police tried to rest some earlier this month. so far there has not been a major impact on korean marketsjust yet the benchmark kospi trading at 0.3% higher. more on that story later on newsday, in the united states. social media giant meta has said it will cut its workforce by 5%. plans to lay off workers at the owner of facebook and instagram 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. ina memo 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 important technologies in the world. ~ , ., important technologies in the world. , ., ., world. mr z

i'm steve lai. firms as investors respond to the development of a hugely popular ai chatbot called deepseek. it's only been available for a week, than its more famous us rival, chatgpt. when trading opened. from the firm's value. correspondent, lily jamali. lily, talk us through, then, the reaction that we've been with the emergence of qggpéggigpgrfigmgrlgyithflfi ’ " f" ’ stocks. ,, suffered a especially suffered a historic rout today. you talked about that” . eé'giéie; that ftnfkfgshishg: 7 a biggie; that itnfkfsshishg: ' a which is so to the ai and 7- that f that have 77 been 7 7 that lav; ' ibee’nthe .,,. , l . fin.“ , ,, , hardware backbone of ai development — closed down 17% 2—— monday. and it's notjust nvidia. we've seen this across the semiconductor sector, also the semiconductgtsectogalso like broad as markets have o-ened. seen some of this 7 7 there 7 7 there as élggégsk theirs as. “5.1! 9555's * " w” ’ ' ' like lelsssslegsk. there as. lassll lei?! * " w” ’ ' ' like which lelsssslegsk. there as. lassll lei?! * " w” ’ ' ' inindividual which lelsssslegsk. there as. lassll lei?! * " w” ’

i'm steve lai. let's begin in north america, where the mexican government has launched a plan to shrink its trade deficit with china, which stood at $105 billion in 2023. it comes weeks after the country rolled out tariffs appearing to target popular chinese online retailers shein and temu. in a speech on monday, mexico's president claudia sheinbaum said the country aims to boost the local production of textiles and cars. she added that a trade agreement among the united states, mexico and canada is quote, "the only way we can compete with asian countries, in particular with china". translation: i also highlight the respectful _ translation: i also highlight the respectful and _ the respectful and collaborative relationship during the first term of donald trump with the then mexican president particularly the signing of the trade agreement between canada, mexico and the united states which has greatly benefited our people. the mexican leader's comments are seen as a nod to us president—elect donald

welcome to newsday, i'm steve lai.

welcome to newsday, i'm steve lai.amas have finally agreed to a ceasefire deal. it will take effect on sunday, and a permanent end to fighting will be negotiated if the first phase is successful. us presidentjoe biden praised the agreement, saying it brought 15 months of terror and suffering to an end. he first proposed the framework for the deal last may. here's some of what he had to say. phase one will allow six weeks. it includes a full and complete ceasefire, withdrawal of israeli forces from all the populated areas of gaza,

welcome to newsday, i'm steve lai.rease in high winds overnight. authorities say they are prepared for the change in weather, which will put the whole of la county under fire threat. so far, 2a people have been killed and several others are missing. tens of thousands of people have been forced to leave their homes and officials say they will not be able to return for at least four days. these wildfires are on track to be among the costliest in us history.

i'm steve lai.s stocks closed at all—time highs on thursday following comments from president donald trump at the world economic forum in davos, switzerland. the president urged opec to lower crude prices and said he will push for interest—rate cuts. let's get to new york and our north american business correspondent, ritika gupta. the benchmark s&p 500 closed at a record high on thursday, topping the 6100 milestone, this as investors digested comments from president donald trump including a call for cuts in interest rates and oil prices and assess a mixed bag of corporate earnings. at the world economic in davos, switzerland, trump demanded opec lower and increase interest rates. crude oil fell. trump warned business leaders they would face tariffs or products made outside of the us. while investors have been cautiously monitoring the new present was make comments about tariffs, stocks may have got a boost from the idea of interest rates and oil prices coming down. textures, which weighed heavily o

i'm steve lai.apan's central bank has raised the cost of borrowing to the highest level since the global financial crisis of 2008. unlike other major economies, the cost of borrowing there has remained low as the country only started to experience inflation in recent years. injuly last year when the bank ofjapan raised rates, it prompted a market sell—off. a short while ago — the benchmark nikkei 225 was down by a quarter of a percent. mariko oi reports. this chart shows the history of the cost of borrowing injapan. and for the past 25 years has been pretty flat. it was in 1999 when the bank ofjapan became the first central bank in the world to cut interest rates to zero. it was a bold move at the time. the country was experiencing falling prices, also known as deflation, and lower rates were meant to encourage spending and investment — at least in theory. but consumers won't buying it. that's because the value of their properties and other assets were falling, so people didn't feel confident to spe

i'm steve lai. the new european union trade chief has told the bbc that a pan—europe customs area is something he could consider as part of brexit "reset" discussions with the uk. some businesses say it will help britain rejoin complex supply chains that have been hit by customs barriers. faisal islam has more from the world economic forum in davos. ready to work on the offer of cooperation and we hope this message will be well received in washington, dc. but message will be well received in washington, dc.— in washington, dc. but if the americans — in washington, dc. but if the americans were _ in washington, dc. but if the americans were to _ in washington, dc. but if the americans were to levy - in washington, dc. but if the| americans were to levy tariffs on the eu, is europe, are you prepared to retaliate?- prepared to retaliate? first and foremost, _ prepared to retaliate? first and foremost, let's - prepared to retaliate? first and foremost, let's see - prepared to retaliate? first i and fore

welcome to newsday, i'm steve lai.prime minister benjamin netanyahu has said a "deal to release the hostages" has been reached. a statement said the families of the hostages had been informed and that preparations were being made to receive them upon their return. if the deal is approved by israel's cabinet on friday, the truce agreement would begin on sunday and involve the exchange of israeli hostages for palestinian prisoners, after which the terms of a permanent end to the war would be finalised. 0ur international editorjeremy bowen, has this report from jerusalem. just a few hours after the ceasefire agreement was announced, men in northern gaza were back digging through the rubble for the dead and wounded after an israeli strike. the ceasefire is not due to start until sunday. then they heard a small voice. boy screams.