summons have been delivered to gautam adani and sagar adani who is an executive at adani green, the companythe centre of the scribe re—charge and according to reports, there is a 21 day period in which gautam adani and nephew have to respond to those summons —— at the centre of the bribery charge. owing to this being between two countries, there may be us se to approach gautam adani and serve these summons by the poetic channels was up it is summing up legal challenges for the group at the centre of this bribery charge. this is the second blow in two years for the group company, they have lost over $27 billion worth of market capital in just the last week. some of the stocks have recovered their gains but the issues don't end here. there are reports that these charges are also being added to the existing cases against the company in the indian supreme court and that could come up in the coming days as well as additional legal challenge and the market regulator could also be looking at reopening and assessing some of the existing cases against the company and this certainly would add up to m

shares of adani group are plunging, adani enterprises are down 10% in the green subdued 18%, after theoss gautam adani is charging new york over allegations of massive fraud. mr adani, one of the richest people in the world, has been indicted along with seven oven defendants in connection with a bribery scheme involving one of the world's largest solar energy projects. according to the indictment, on several occasions, mr adani, who has strong ties to indian prime minister narendra modi, personally met with an indian government official. the adani group did not immediately respond for more, let's get out to mumbai, where my colleague nikhil inamdar is standing by. what's the reaction in india this morning? the markets really don't look happy. the markets really don't look ha . _ �* , , the markets really don't look ha.--n_, , .,~ , happy. absolutely, the markets completely _ happy. absolutely, the markets completely punching _ happy. absolutely, the markets completely punching here - happy. absolutely, the markets completely punching here on i happy. absolutely, the markets| completely

prosecutors are examining whether an adani entity or people linked to the company, including gautam adani, bribed officials for favorable treatment on an indian energy project. the adanis say they have not received any notice from the u.s. justice department. the doj says no adani unit has been charged with wrongdoing and that investigations don't always lead to prosecutions. coming up, the next generation answers the critics who say their family is too close to indian prime minister narendra modi's bjp. karan: being close to a political party does not necessarily mean that you get the work. >> when "inside adani" continues. ♪ ♪♪ ♪♪ ♪♪ ♪♪ the winter escapes sale is now on. visit sandals.com or call 1-800-sandals. >> [speaking another language] >> that's indian opposition leader rahul gandhi right after the 2024 elections in which prime minister modi's party lost its majority in parliament. investors sold adani company stocks as soon as the results were announced, cutting the group's market value by around $45 billion. while they have since regained ground, the selloff highlighted a key co

it is quite crucial because adani - india? it is quite crucial because adani it's - india? it's one | india? it is quite crucial. because adani it's one of india? it is quite crucial- because adani it's one of the biggest conglomerates. the largest point airport operator in india, largest private power producer in india. at the same time having a large plan to make a big and clean energy as well. most of their big infrastructure and energy products are in line with prime minister narendra modi policy focus areas and hence any troubles in raising funds for some of these big businesses meant something into production projects in india could go slow and the plans could go slow but at the same time it also has political ramifications for long opposition parties have been criticising the meteoric rise of adani forcible link into damage major mode in which they have denied. they have brought up these charges but opposition parties are asking for a parliamentary probe. both on the economic side and political side there will be big ramifications in the days to come. . ~ big ramific

the adani group — of which gautam adani is chair — has denied the allegations, calling them "baselesse the news, with shares of adani group falling over 20% in thursday trade, wiping over $40 billion off the group's overall value. 0ur south asia regional editor, anbarasan ethirajan joins us now. welcome, firstly, why is this indictment of adani and others indictment of adani and others in the us so significant? it is seen as a — in the us so significant? it is seen as a huge _ in the us so significant? it is seen as a huge blow - in the us so significant? it is seen as a huge blow to - in the us so significant? it 3 seen as a huge blow to the image of the adani conglomerate. more than $100 billion value and thousands of people work there and their interests range from coal mines and to renewable energy and airports and it is a big name in india and other countries, for example bangladesh, sri lanka, africa and even business interests in vietnam and the philippines. it is one of the biggest companies in the country. so indicting the chairman of the company and many others is seen as a

adani, the g0 g group which invested into adani after the hindenburg report.monitoring the situation and reviewing their exposure to the greek. we have just got the statement saying this is negative for adani and it will constrain their ability to raise capital —— their exposure to the group. the opposition parties in india also which have often accuse the adani group of being close to prime minister narendra modi have said that in many ways, this vindicates their demand there needs to be a joint parliamentary probe against the group. so clearly, the adani group in the eye of the storm. we will keep an eye on that, thank you for now. let's stay in the us, and the chipmaker nvidia has nearly doubled its revenues, reporting record quarterly profits of $19 billion. the firm has been a major beneficiary of the race to develop and adopt artificial intelligence, with demand for its ai chips remaining high. nvidia reported quarterly sales of more $35 billion, far more than market forecasts. its shares are up more than 200% year to date, with a market value of $3.6 tr

and just give us some background, why are mr adani and the adani group so prominent?the adani group so prominent? and the adani group so rominent? ~ , ., prominent? well, he is a huge art of prominent? well, he is a huge part of the _ prominent? well, he is a huge part of the indian _ prominent? well, he is a huge part of the indian economy. i prominent? well, he is a huge| part of the indian economy. his empire straddles everything from ports to infrastructure to airports. it is a presence that he has been increasingly building up over the course of the last five years. there is also a political angle to this, steve, because he is often accused by the opposition and also several others of being very close to prime minister narendra modi, which is why responding to these charges from the government side also becomes very critical. also, it is not the first time that these sorts of allegations have been made against the adani group, steve. if you remember just a couple of years ago, a us short seller called hindenburg had essentially come forward with allegations of ac

gautam adani, the chair of india's adani group, has been charged with a massive fraud.i, one of the world's richest people has been indicted — along with seven other defendants — in connection with orchestrating a $250 million bribery scheme. us prosecutors allege the tycoon and other senior executives bribed indian officials to win contracts for his renewable energy company. it's expected to make profits of around $2 billion over the next 20 years. the adani group has denied the allegations, calling them "baseless". but it's been enough to spook investors. shares of adani group fell over 20% in thursday trade, wiping over $40 billion off the group's overall value. from new york, here's our north america business correspondent, michelle fleury we cannot bring you that clip from michelle, but let's talk to our correspondent in them by. let's cross live now to archana shukla in mumbai. give us the reaction there to this. �* . give us the reaction there to this. ~ ., ., , ., , this. the adani group has denied all _ this. the adani group has denied all of _ this. the adani

well, adani himself has alwa s people? well, adani himself has always defiantly _ people? always defiantly rejected - always defiantly rejected allegations against him and many members of the public in india have done the same. and i suspect that it will be the same case here. already, we have seen on social media some indian commentators and observers are essentially saying that this is political and that this was the biden administration essentially reacting to the fact that adani had recently praised donald trump for his election victory. so clearly, just a lot of defiance and denial if this could be the case. it is true that at this early point, we have not heard any type of response from the indian government and i think that will be very interesting. just because of your reporter said before, it is known that adani and prime minister modi do have and prime minister modi do have a relationship, there is a friendship that is not expressed publicly these days, but there certainly is that connection there. and i think it is no coincidence that over the last few years, ad

adani following bribery charges. a significant shareholder in two adani companies, including the company at the centre of the bribery allegations. shares fell 10% on monday and again today. more on the implications. total energies holds a 20% stake in adani green energy, and it has a board seat. plus a joint venture in adani green ltd. and a 37.4% stake in another venture company. both are listed on indian stock exchanges, and that makes total energies a significant shareholder and a board member in adani group companies. but even then, in a statement, total energies said they were not made aware of any investigation in the alleged bribery scheme that is in the news right. total also has a 50% stake in some renewable projects they are pausing fresh investment until the charges are clarified. total energies has invested about $5 billion according to research. and they have been looking at adani green to expand into the renewable energy space in india. the combined portfolio is also very critical. for india's renewable

what are these us charges doing to the adani group?— to the adani group?ve had a significant _ to the adani group? they have had a significant impact - to the adani group? they have had a significant impact on - to the adani group? they have had a significant impact on the adani group. there are two aspects to it, the international and indian operation. the international operations have probably come to almost a standstill, especially kenny had already decided they would run age on all their dislike renege on all the contracts. their ability to raise money outside india a suspect has been completely closed on. also the foreign investors were not very keen on the adani group as investors because of decisions and this will put further dampen on that. with respect to the india operation, it is more interesting because the indian operations of the adani group are very substantial and they are very substantial and they are also very critical to india and the function of airports, ports, roads and so. these are really excellent assets that they own and are run b

mr adani's group have issued _ it do next? mr adani's group have issued a _ it do next?ued a statement, . it do next? mr adani's group i have issued a statement, they were not immediately available at that point when the judges came out but now they say the charges were baseless and they will seek all legal records and then they are very compliant with all the laws but what happened today itself, you see they were planning to offer 600 million dollars bond offering, that was cancelled. i'm talking about the 20% wiped out from the stock markets, that means $40 billion. so now this is going to have a huge impact if they are going to go for other investors to get money for future projects particularly in green energy. future projects particularly in green energy-— future projects particularly in green energy. really good to talk to you. _ green energy. really good to talk to you, thank _ green energy. really good to talk to you, thank you - green energy. really good to talk to you, thank you for - talk to you, thank you for running us through all of that. anbarasan ethiraja

summons have been delivered to gautam adani and sagar adani who is an executive at adani green, the companythe centre of the scribe re—charge and according to reports, there is a 21 day period in which gautam adani and nephew have to they may need to use to promote it channels to diplomatically solve summons to indian nationals so that may take some time to officially come through and this is a civil suit by the us sec seeking permanent injunctions, monetary penalties and also restrictions on adanis to serve as officials on listed companies and this adds up to a criminal suit filed by the us federal prosecutors on the same bribery charges but the group has denied these allegations, the group's cfo in a post on eggs over the weekend, said the indictment relates to just one contract of adani green energy —— in a post on x. it amounts to 10% of their business and no other group from the adani group conglomerate is accused of any wrongdoing to stop legal experts say that while the legal challenges are mounting up legal challenges are mounting up for the company in the us, it will still seek som

adani. tt’s india in fact? !adani. it's one of the _ india in fact? !adani.ndia in fact? !adani. tt�*s one of the biggest clonaridis and against them does put in fact affect the overall business sentiment as well, and secondly adani's projects are very sensitive to india's growing demands and prime minister aranda modi's policy moves whether it's on infrastructure or clean energy so, money not coming in or difficulty to raise money for big infrastructure projects would definitely affect some of the bigger infrastructure projects in the country. at the same time, with political ramifications because opposition parties have started calling forjoint parliamentary probe in most of the projects being awarded to adani as they have been criticising the project being awarded to adani have been given because of his proximity to prime minister under ranger modi, something which the company has been denied. , ., , .,, which the company has been denied. , , denied. globally has finished the latest — denied. globally has finished the latest climate _ denied. globally has

total energies holds a 20% stake in adani green - 20% stake in adani green energy, and it has a 37.4nture company. both are listed on indian stock exchanges, and that makes total energies a significant shareholder and a board member in adani group companies. but even then, in a statement, total energies said they were not made aware of any investigation in the alleged bribery scheme that is in the news right now. they were not aware of any of this. while the investment from total energies was coming into adani group. and that is why they have said until and unless all the charges have been clarified on adani group and its executives, total energies will not make any fresh investment in adani group companies. total also has a 50% stake in some renewable projects with adani and a pause in investment would cause two things, a big question on the disclosure scandals of adani group, as far as disclosures to its board are concerned, and second, expansions into the country's renewable energy programmes. the estimate is that total energies has invested up to $5 billion in adani and has plans

plus, what lies ahead for india's adani empire. with its boss and senior executives facing fraud charges in the united states. hello and welcome to business today. i'm steve lai. let's begin in the united states, where investors are watching bitcoin as it approaches the historic $100,000 mark. this comes after the securities and exchange commission said its chairman gary gensler, who led a regulatory crackdown on the crypto industry, will be stepping down. president—elect donald trump, who will take office injanuary, is viewed to be supportive of cryptocurrencies. the bbc�*s ritika gupta has more from new york. bitcoin is heading towards the $100,000 threshold while the master number itself is more psychological than meaningful, it is striking that bitcoin is notching record after record high and the latest boost has come from the announcement that a securities and exchange commission chair, gary gensler, who led a us crack down on cryptocurrency will step down on january 20. that's also the day donald trump will be sworn into the

. >>> adani with the u.s.llegations against the chairman gautam adani. >>> the stoxx 600 is down in early trade on pace for the fifth straight negative session. jd sports trading at the bottom of the pile as it warns discounting will dent full-year caution. >>> and bitcoin rally nearing 100,000 usd and donald trump considering a white house post dedicated to crypto policy. >>> welcome to the program. thanks for joining us for the next hour as we walk you through what's moving in europe and get you set up for the european and rather u.s. trading day ahead. let's dive in with the top story. it is, of course, nvidia. shares pairing losses down around .70% after dipping 5% at one point. q3 sales beating expectations at $35 billion. that's up $5 billion on the quarter and almost double the period a year ago. the firm telegraphed slower revenue growth in the current quarter at just under 70%, way down on the 265% figure in q4 in 2023. many of the firm's customers, microsoft and openai have started receiving the blac

adani group, the indian conglomerate owned by the billionaire gautam adani, has begun to cut electricitya payment dispute. bangladesh owes nearly $800 million to adani for the power supply amidst the current political and economic turmoil. let's get more on this with our india business reporter archa na shukla. what's going on? well, if you look at bangladesh's - what's going on? well, if you i look at bangladesh's government power grid data, from october sist, power grid data, from october 31st, adani group has halved the exports of power to bangladesh from its 1600 megawatts coal—fired power plant in eastern india. reports say they have threatened that if the payment plan is not in place by the next few days, the company will cut complete supplies. adani's supplies account for 8—10% of the overall power demand in bangladesh. so any cut would definitely impact millions of bangladeshis who have a consistent power supply in their homes. the dispute is over $800 million of payment due, which last month adani said had become unsustainable. 0fficials said had become unsustainable. officials

gautam adani, the chair of india's adani group, has been charged in new york over allegations of massiveted — along with seven other defendants — in connection with a bribery scheme involving one of the world's largest solar energy projects. according to the indictment, on several occasions, mr adani, who has strong ties to indian prime minister narendra modi, personally met with an indian government official. the adani group did not immediately respond to a request for comment.

india's adani group has begun to cut energy to bangladesh after a payment dispute.early $800 million. we have more live from mumbai. bangladesh's power grid data suggest that from october 31st, the adani group has halved power exports to bangladesh from its 1600 megawatts plant in eastern india. reports say the company has threatened to cut complete supplies if a payment schedule is not made clear by the bangladesh government. remember, the adani plant contributes 7—10% of the baseload power demand in bangladesh, so any power cut definitely impact millions of bangladeshis, who depend on it for consistent power supplies to their homes. the dispute is over $800 million that is due, which last month adani said was becoming unsustainable. local reports quote government officials in bangladesh you say $100 million of that payment has already been cleared by the government. but since last month, adani has also increased the price of power it sends to bangladesh, which is adding burden on the interim government that is struggling to gather dollar revenues to pay for essent

gautam adani, chairman of the adani group, and one of the world's richest men charged with seven others in the bribery and fraud scheme. alleged adani paid officials $250 million in bribes for solar contracts worth more than $2 billion in profits. as you just saw, that sent adani group shares and affiliates nosediving in asian trade today and in some cases ouble digit declines. adani said the allegations against its chairman are baseless and denied. it is looking for legal recourse. it is looking to reassure stakeholders it is a law abiding organization fully compliant with all lays. laws. contessa. >> hindenberg research came out and said it never waived in its view. adani never refuted its findings and what you are seeing is there are already talks from the adani crowd that there are opportunities and there will be opportunities in the future. will this have other trickle down effects on other stocks in india? >> reporter: for sure. this has global implications because it could also have a chilling effect on the foreign investment landscape in india. not to mention u.s./india relation

legal challenges for indian tycoon gautam adani are mounting in the united states.d trump? hello and welcome to business today. i'm steve lai. let's begin with our top story — the bribing allegations facing adani group in the united states.according to reports, the us securities and exchange commission has issued summons for indian tycoon gautam adani and his nephew sagar adani.they are accused of engaging in hundreds of millions of dollars in bribes, this comes on top of criminal charges brought last week by federal prosecutors against mr adani. professor nirmalya kumar from the singapore management university says there is little chance mr adani will be extradited to the united states. india has an extradition treaty with the us but i suspect this government in india is going to be very reluctant to hand over adani to them so i think in the short run, i don't see how they

gautam adani — one of the world's richest men — is indicted in the us over an alleged multi—million dollar scheme. and these are pictures from iceland, where lava is spewing from this volcano near the capital for the tenth time in three years. hello, i'm geeta guru—murthy. much more coming up for you including more on ukraine but let's catch up first of all with all the sport. more from the returning premier league injust a moment. but first — we're into a deciding doubles match, at the davis cup — as australia and the usa battle it out for a place in the semi—finals in malaga. they were victorious in the deciding doubles match to win 2-1. a thriller to open the tie — between thanasi kokkinasis and ben shelton — which was ultimately decided 16—14 in a third set tie—break — the australian eventually prevailing, in a match lasting on the way to two—and—half hours. and look at what it meant. but fritz of the usa levelled up the tie with a straight sets win over alex de minaur. 6—3, 6—4 that finished. before australia went on to win the doubles. the premier league will return at the weekend bu

india's adani group has begun to cut energy to bangladesh after a dispute.ve from mumbai.— after a dispute. we have more live from mumbai. according to the bangladesh _ live from mumbai. according to the bangladesh power- live from mumbai. according to the bangladesh power grid - live from mumbai. according toi the bangladesh power grid data that came in last week, it shows the adani group has already halved exports of power to bangladesh from its 1600 megawatts plant in eastern india. reports say the company has threatened that unless a payment schedule is made available to the company, they would cut complete power supply is. reports say a deadline of november the 7th has been given by the company to the bangladesh government. the initial terms of the agreement, the power deal signed in 2015, under the sheikh hasina government, expired. adani has increased the prices of power and that is becoming a bigger trouble for bangladesh's current interim government in power. we know that after the student protests and the political upheavals, the government has bee

his company, the adani group, is yet to comment on the charges.siness today. the us has vetoed a un security council resolution demanding an �*unconditional and immediate' ceasefire in gaza as israel's bombardment of the territory continues. in a 14—1 vote, the us rejected the measure because it says it was not contingent on the release of hostages still being held in gaza. 0ur north america correspondent, nada tawfik sent this report. this is the fourth time that the united states has blocked a gaza resolution during this conflict, using its veto power to shield its ally, israel. now, un officials have been sounding the alarm about the catastrophe in gaza for more than a year, but have stepped up the warnings that the conditions are not fit for survival in gaza right now, and that the world was witnessing the gravest of international crimes. the elected ten members of the council put forward this resolution, saying that in light of the rapidly increasing death toll, the widespread injury, destruction and forced displacement in gaza, that they fel

shares in adani group companies have fallen sharply. around the world and across the uk.most frequently seized waste item by customs officials, according to new findings from the world customs 0rganisation. the un says 62 million tonnes of e—waste was generated in 2022, making it the world's fastest—growing waste stream. the illegal trafficking of e—waste from developed countries to the global south has become a lucrative business for organised crime. and as navin singh khadka reports from ghana's capital, accra, e—waste is a source of very harmful plastic pollution. tvs, car parts and electronic cables. they all go on the fire. burning e—waste in the open like this is illegal in ghana. this site was shut down by the government in 2021, but it's back again. abdullah is one of those who earn their living here. what's going on here, what is this? we're just burning for copper. he is extracting precious metals like copper and even gold from e—waste. how many like this in a day, hundreds? a day? more like 200 pieces. burning plastic and rubber cables is easy, as they catch fi

adani group shares tumble after u.s. prosecutors charge billionaire founder gautam adani over an.ed $250 million bribery scheme. the conglomerate scraps its $600 million bond sale. following that indictment. and ukrainian forces fire british cruise missiles at targets inside russia for the first time. bloomberg learning, meanwhile, that the biden administration is planning to cancel $4.7 billion of debt owed by ukraine. and we've seen these markets volatile. to the geopolitics and the news flow out of ukraine. of course, we check in on the markets right now with european futures pointing modestly higher after a flat session yesterday, pointing to gains of 3/10 of a percent. here in the u.k. the ftse 100, looking to add 32 points, up 4/10 of a percent. commodities getting a lift so far in the session. s&p futures pointing lower by 2/10 after a flat session on wall street as well. just below that 6000 level. nasdaq 100 futures pointing lower by 57 points. and certainly nvidia will be part of the story there. flip the board. let's have a look at what's happening in the treasury marke

bangladesh has stepped up the repayment of more than $800 million it owes to the indian conglomerate adaniicialfrom the power development board, an initial payment of $170 million was issued on monday, after adani reduced the electricity supply to bangladesh by half and threatened to cut it off completely if dhaka didn't settle the debt. corporate india has seen a dismal quarter of earnings betweenjuly dismal quarter of earnings between july and dismal quarter of earnings betweenjuly and september. the between july and september. the oor show betweenjuly and september. the poor show across betweenjuly and september. the poor show across sectors is adding pressure on the equity markets, forcing earnings to downgrade by brokerages. our report is here to explain what this means for the broader economy. this means for the broader economy-— this means for the broader econom . ,., ~ economy. -- reporter. well, it is the weakness _ economy. -- reporter. well, it is the weakness in _ economy. -- reporter. well, it is the weakness in the - economy. -- reporter. well, it is the weakness in the broad

legal challenges for indian tycoon gautam adani are mounting in the united states.mounting in the united states. we'll have all the details. plus... what lies ahead for artificial intelligence industry, with the incoming administration of president—elect donald trump?

the french oil giant says it will stop making investments into adani projects after fresh bribery allegationsr executives at the company were charged last week with orchestrating a bribery scheme while raising money in the united states. an anti—trust trial over google's online advertising empire has gone to a close in the us. closing arguments in virginia capped a 15 day trial where prosecutors sought to show that google monopolised markets for ad services and networks. technology giants have come under increased scrutiny from regulators. augmented reality, which integrates digital information with the users' environment in real time, is becoming more widely used. museums used ar to enrich exhibits by overlaying content onto physical artefacts. spencer kelly visited london's natural history museum which has launched a mixed reality experience to allow guests to see how things look in to 125. deepin see how things look in to 125. deep in the heart of london's natural history museum, the exhibits are coming to life. i am surrounded by fireflies. oh, wow. visions of nature takes visitors to the

indian billionaire gautam adani has been charged in new york over an alleged bribery scheme involvingurity council resolution on a gaza ceasefire, drawing criticism from other member nations. and australia introduces legislation to ban those under 16 years of age from accessing social media.

to cut it off completely if dakar didn't settle the debt —— adanl dakar didn't settle the debt —— adani the former prime minister, he was toppled by a student revolution in august. to greenland next, long seen as remote and costly to reach, but in only a month from now, a new international airport will open in greenland's capital. that could bring huge change. it is the first of three airport projects that officials hope will be a shotin that officials hope will be a shot in the arm for greenland's economy, helping it to diversify from fishing into areas like tourism. our reporter adrian murray recently visited nuuk and filed this report. rock has been blasted and tarmac laid. soon this local runway will be ready. for the finishing touches to be put to a new terminal. right now, only small planes like this one can land in the country's biggest city. when this longer runway opens, much larger aircraft will be able to arrive here in nuuk and that will pave the way for new connections to greenland's capital. many locals welcome the change. tt is not only an output for me, it is also an air

indian billionaire gautam adani has been charged in new york over an alleged bribery scheme involvingvetoes a un security council resolution on a gaza ceasefire, drawing criticism from other member nations. and australia introduces legislation to ban those under 16 years of age from accessing social media.

shares of adani green energy fell by 20% in india overnight. back in january of 2023, short seller hindenberg called it the largest con in corporate history. adani also denying those allegations. >>> meantime, let's get to the latest on the trump team building sessions. we had a few more names out there, but still no treasury pick just yet. megan cassella is now joining us from west palm beach for the latest. we are waiting for the white smoke to go up. >> reporter: we are sure are, andrew. good morning from west palm. like you said, no big names this time. a quiet day overall yesterday. we know the president-elect was hunkering down at mar-a-lago meeting with two top treasury candidates. kevin warsh meeting with trump about the position. we think that pick is imminent coming today or as early as this week, i heard the team soft circled by thursday to get this pick done. it looks like that timeline may still be on track. what i can tell you is take a look, i think we can pull this up for you guys. the cabinet is really coming together here. we

plus, what lies ahead for india's adani empire.elcome to business today. i'm steve lai. let's begin in the united states, where investors are watching bitcoin as it approaches the historic $100,000 mark. this comes after the securities and exchange commission said its chairman gary gensler, who led a regulatory crackdown on the crypto industry, will be stepping down. president—elect donald trump, who will take office injanuary, is viewed to be supportive of cryptocurrencies. the bbc�*s ritika gupta has more from new york. bitcoin is heading towards the $100,000 threshold while the master number itself is more psychological than meaningful, it is striking that bitcoin is notching record after record high and the latest boost has come

adani charged forfraud — the indian billionaire is indicted in the us over an alleged multi—million—dollarrowing. crackdown on remote working and mass firings — elon musk and vivek ramaswamy reveal their vision for donald trump's department of government efficiency. also on the programme — crisis talks at vw. the german auto giant will meet with unions, in a bid to avoid closing three factories. and... the economics of beauty — can being physically attractive earn you more money? we discuss the controversial study of pulchronomics.

charges on adani executives. interesting to me to see how yesterday remember it was a route on the stock and we saw the net wealth declined by $50 billion. today look at the reversal despite extending the clients, look at the stock, the flagship, it was down, extended declines, look how it is faring now. quite a remarkable turnaround at a tricky time for india stockmarkets. significant funds pulled out of markets, $14 billion since september, flip the board. we did see record lows amid stock selloffs and some attributed this to risk aversion but also there was lightly to have been some selling and india stocks on a day where the dollar is see strength, even the yen reversing. tom: a reversal in fortunes. no doubt we will cover that, thank you. nominations, candidates being tapped by trump. former ag pam bondi after matt gaetz withdrew. let's bring in valerie. what do we know about what she is likely to bring? >> longtime ally of trump, let's take a step back and see how she stood up to the president, she was on h

and i would have to refer you to the sec and doj about the specifics of the allegations against the adani group. what i will say on the u.s. and india relationship, we believe that it's extremely, stands on extremely strong foundation. anchored across a full range of global issues. so what we believe and we're confident about is that we'll continue to navigate this issue as we have with other issues that may have come up as you just stated. so the specifics of this, this is something that sec and doj can speak to directly. but again, we believe that we are, this relationship between india and the u.s. has been built on a strong foundation. >> i wanted to ask you also about the iccs issuing arrest warrants for several top officials including netanyahu over israel's conduct in this war. i know that the u.s. rejected this decision. does the administration see this ruling as a threat to israel's ability to defend itself and also republican senator lindsey graham is calling for the senate to sanction that cc after this decision. is that measure that the white house would support? >> a couple o

adani and his nephew have reportedly been summoned by the sec to explain u.s. allegations in a $250 million bribery case. news agency pti says they have 21 days to respond to the legal request. wicket and gladiator ii $170 million. wicket finishing and first place with $114 million in ticket sales. gladiator ii grossing $56 million to finish second. quite a week and in the united states. lisa: it is always the redos. i'm looking forward to when they create a new franchise, really go out and there's a new superhero or -- annmarie: i will go back for gladiator ii in the theaters. jonathan: i'm going to watch gladiator this week in. i love the original. i mention i will be disappointed by the sequel. i still will torture myself with that. coming up next, donald trump's treasury secretary. >> widow trump presidency that delivered low inflation, high wage growth and good economic growth, especially for working americans. i think it is absurd to say donald trump be inflationary. jonathan: the latest on scott bessent. that conversation. good morning. ♪ this is clem. c

adani group shares are rebounding after $27 billion of the conglomerates market value was wiped off.ecure solar energy contracts. the conglomerate denied the allegations are the euro falling to its lowest level in two years after euro-area business activity unexpectedly shrink in november. the euro has recovered a bit against the dollar, but still, traders are raising bets that the ecb will cut 50 basis points to boost the region's economy. the euro is one of the worst performers of g10 currencies over the past three months as the risk of tariffs under the trump administration remain prevalent. jonathan: more from yahaira in 30 minutes. coming up, the state of the consumer going into the holiday shopping season, next. ♪ jonathan: one hour and 13 minutes from the opening bell with the s&p 500 down by about .1%. morning calls, first up, initiating coverage of nike with a buy saying the ceo transition is a positive catalyst. the stock is up by more than 1%. jp morgan raising its price target on ross highlighting the company's favorable position heading into the holiday season. the stock