live from new york at the opening bell this is business today. china announces $1 trillion package as it prepares for increased trade tensions with the us. in the crypto roller—coaster continues as investors piling after trump's election victory. we will have an exclusive interview with the ceo of report in just a an exclusive interview with the ceo of report injust a moment. welcome to business today live from ceo of report injust a moment. welcome to business today live from new ceo of report injust a moment. welcome to business today live from new york. ceo of report injust a moment. welcome to business today live from new york. it ceo of report injust a moment. welcome to business today live from new york. it continues ceo of report injust a moment. welcome to business today live from new york. it continues to hover around record highs. the federal reserve decided to cut interest rates by 25 basis points, the rate cut was expected but it didn't stop the s&p 500 crossing the 600 mark for the first time. welcome. while stocks were seen rallying

time for business today _ many more years. time for business today - _ many more years. opening business today — nyse opening bell to whizz off, but do stay with us here on bbc news. hello, i�*m... annita mcveigh. you�*re watching verified live on bbc news.

live from new york at the opening bell this is business today.rypto roller—coaster continues as investors piling after trump's election victory. we will have an exclusive interview with the ceo of report in just a an exclusive interview with the ceo of report injust a moment. welcome to business today live from ceo of report injust a moment. welcome to business today live from new ceo of report injust a moment. welcome to business today live from new york. ceo of report injust a moment. welcome to business today live from new york. it ceo of report injust a moment. welcome to business today live from new york. it continues ceo of report injust a moment. welcome to business today live from new york. it continues to hover around record highs. the federal reserve decided to cut interest rates by 25 basis points, the rate cut was expected but it didn't stop the s&p 500 crossing the 600 mark for the first time.

welcome to business today.hile the world's focus has been on its biggest economy, the powerhouse of europe has become embroiled in its own political crisis. germany's three—party coalition has effectively collapsed after ministers from the free democrats quit the government, likely paving the way for early elections next year. the japanese carmaker nissan is cutting 9000 jobs. we'll explore why and ask whether the japanese giant can turns things around. welcome to business today. while the world's focus has been on its biggest economy, the powerhouse of europe has become embroiled in its own political crisis. germany's three—party coalition has effectively collapsed after ministers from the free democrats quit the government, likely paving the way for early elections next year. their exit comes after german chancellor 0laf scholz, sacked the leader of the party from hisjob as finance minister. he said christian lindner had broken his trust too often, making serious government work impossible. too government wor

business today next and we are looking — business today next and we are looking at — business today nextarliament today in central london and we will talk to one of the — london and we will talk to one of the leading protesters about their_ of the leading protesters about their view on the budget. i�*ll their view on the budget. i'll be back their view on the budget. be back in their view on the budget. i�*ll be back in a their view on the budget. l�*ll be back in a moment. hello. for some of us right now, there are some pretty tricky travel conditions out there — some snow, some ice — as cold air sinks its way across the uk. certainly a very cold feel to the weather on tuesday — more snow and ice for some. so what's going on? well, we've got this battleground, this dividing line between mild air still clinging on in the south, and something much colder surging down from the north. and along that dividing line, we've got a frontal system that has been bringing a mixture of rain, sleet, and snow. a lot of the snow over higher ground, but even seeing some to lower levels. parts of northern

in business today in 20 _ in 2000. thank you. in business today in 20 minutes, _ in 2000.n 20 minutes, we - in 2000. thank you. in business today in 20 minutes, we will. today in 20 minutes, we will look at the us economy and to what extent that is swinging voters at this point. you can watch live coverage of the results here on bbc news and on bbc one and the iplayer in the uk at 22:40 gmt on tuesday. sumi somaskanda and caitriona perry will bring you a special programme from washington dc with our team of experts and correspondents. around the world and across the uk. this is bbc news. king felipe of spain has said he understands the frustration of people affected by last week's deadly floods, after he was pelted with mud when visiting valencia. in a video posted online, the king said he guaranteed the state would do all it could to help. at least 217 people died in the diaster, with others still missing. the weather situation has turned again with more rain hitting valencia, although not with the safe intensity. ——the same intensity. steve knibbs has the latest. in the

that's it from us here today at the opening bell on business today - nyse opening bell on business today news. goodbye. hello, i'm sarah currents at the bbc sport centre. a big night as liverpool are hosting real madrid and it is a big start to the week for the european leaders, they also face manchester city at the weekend while defending european champions would look to give their stuttering campaign in europe a boost to victory. campaign in europe a boost to victo . ., victory. real madrid, manchester - victory. real madrid, manchester city - victory. real madrid, - manchester city dominated europe in the league for a few years now, combined with liverpool because liverpool was always up up there as well, competing with these two clubs. so it is a special week for us, especially because we played two times at home. if you are at liverpool, you always play big games, but yes, these two are special because these three clubs have dominated the league in europe for so many years recently, so yes, especially eager to play. it will still be a fantastic _ eager to play. it will still be a fa

welcome to business today, i'm steve lai. let's begin in the us, where president elect donald trump has just said he plans to impose an additional 10% tariff on china. this is over the alleged inflow of drugs like fentanyl into the us. on social media, he said the new tariffs will come on top of levies of up to 60% pledged on the campaign trail. the trade war with china which started in his first term saw lots of tariffs imposed and the biden administration kept them. over eight years, according to estimates, those tariffs cost china nearly $80 billion. mr trump also announced 25% tariffs on mexico and canada. a china watcher reacted to the proposals. this should not come as a dramatic surprise. throughout his campaign, trump pledged to impose as much as 20% on all us imports, so 25% for the canada and mexico is a little above that, he has also pledged 60% in china, where tariffs are currently 19% thanks to his first trade war. it's not really clear on this latest, i guess you call it tweet, i'm not sure what you call his mes

hello and welcome to business today. i'm steve lai.et'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, while raising a bond offering back in 2021.this comes on top of criminal charges brought last week by federal prosecutors against mr adani.0ur india business correspondent archana shukla has all the details. archana, what's the latest? summons have been delivered to gautam adani and sagar adani who is an executive at adani green, the company at the 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 injunct

hello and welcome to business today. i'm steve lai. us president—elect donald trump has confirmed tech billionaire, elon musk, will lead a government efficiency department. former republican presidential candidate vivek ramaswamy will also be in charge of the department, with trump saying their leadership will pave the way to dismantle government bureaucracy and slash excess regulation. elon musk became a key ally to trump during his campaign, reportedly spending well over $100 million to help the republican win. tech analyst weighs in on what the appointment in particular means for us businesses. i think that you have seen with what elon musk has been able to do with tesla and twitter and is really about trying to streamline the operations and i think we are in need of that in the us and there has been a lot of polarisation in the us. whatever we can do to help streamline that so we can focus on growth and opportunities makes a lot of sense. i'm sure this is why elon musk has supported donald trump since the start. over injapan, nvidi

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 white house. investors have remained bullished the policies from the incoming trump administration, bitcoin has soared about 40% si

more on the story later this hour on business today. 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 felt the bare minimum that was need

welcome to business today.'s start in hong kong. 45 pro—democracy activists have been jailed in the city's landmark ruling. these are live pictures just outside the courtroom. we understand 50 family members will emerge from the courthouse shortly, and present trucks are waiting to take away those that have been sentenced. they were all charged with subversion after organising an unofficial primary vote to select opposition candidates for a legislative council election in 2020. sentences ofjust over four years up to ten years. legal scholar benny tai is an activist who has received the harshest punishment. prominent campaigner joshua wong has been jailed forjust over four years. the us has condemned for the verdict after previously calling for the activists to be released. so far we haven't seen much market reaction to the story in hong kong, currently the hang seng up 0.3%. in india, toxic smoke continues to wreak havoc on the capital new delhi. flights have been diverted, primary schools closed and diesel tru

hello and welcome to business today. i'm steve lai. it's being called the biggest political comeback in history. donald trump will return to the white house as the 47th president of the united states injanuary. but, what will that mean for businesses and economies in asia? on the campaign trial he regularly talked about trade and tariffs, saying goods from china will be subjected to levies of up to 60%. the rest of the world wouldn't not be spared either, but at a lower rate of around 20%. there are concerns the next stages of a trade war could pose additional challenges to the global economy. angela mancini from control risks. is it rhetoric or a bargaining tool? this is someone who has been wanting to have tariffs for decades. indeed we saw in his first administration that he did put tariffs in place and kicked things off with china and a trade war. having said that, he did not do everything. the 60% tariff on china 20% universal probably is more of a bargaining position because of go—ahead to do that, the impacts would be quite sign

welcome to business today, i'm tadhg enright. let's start in the us, where the latest cpi figures have been announced, and they show us inflation accelerated slightly more than expected in october. prices rose for the fourth month in a row, rising to 2.6% last month. let's bring in our north america business correspondent, michelle fleury. what are the factors behind this rising inflation?- this rising inflation? yes, i mean we _ this rising inflation? yes, i mean we have _ this rising inflation? yes, i mean we have started - this rising inflation? yes, i mean we have started to l this rising inflation? yes, i i mean we have started to see improvement in things like the cost of used car, something people have been waiting a long time, you know, insurance has been high and that is starting to come down but you still have the prices of food and rent continuing to climb. the net effect looks like progress while inflation stalled in october. that being said, even though the progress seems to have run out of steam last month, in gener

welcome to business today.he oil giant shell has won a landmark appeal in a dutch court, which overturns an earlier ruling — that required it to cut its carbon emissions by 45%. the court in the hague said that shell is required to reduce its carbon emissions but it cannot order it to do so by a precise amount. 0ur correspondent, anna holligan was following the case in the hague. iam inside i am inside the appeals court in the hague and this is the latest twist in a precedent—setting case that could have far—reaching applications for global climate litigation but inevitably the planet as well. according to the judges, planet as well. according to thejudges, companies that planet as well. according to the judges, companies that have contributed to climate change haveit contributed to climate change have it within their power to contribute to tackling it and they have a responsibility towards citizens of this arty do so, because protection against climate change is a human right. however, and this is the critical

hello, and welcome to business today. i'm steve lai. begin in the united states — where the federal reserve has lowered its key interest rate by a quarter of a percentage point. fed chair, jerome powell, says it is too early to tell how the new trump administration might affect the world's largest economy — or borrowing costs. mr powell also hit back at speculation that his post might be injeopardy, as donald trump prepares to assume power in washington. our north america business correspondent, ritika gupta has all the details. jerome powell said he would not leave his post if asked by president—elect donald trump. he hit back that the president does not have the legal power to fire or demote him. some of the president—elect�*s advisers have suggested i'm steve lai. let's begin in the united states — where the federal reserve has lowered its key interest rate by a quarter of a percentage point. fed chair, jerome powell, says it is too early the world's largest economy — or borrowing costs. mr powell also hit back at speculation that hi

and that's it for this edition of business today. stay with bbc news sport today, up next. hey, i'mjulia with the catch up. tonight, cop29 warning, a barbie blunder and gus the penguin explorer. but first, the uk and europe fell silent for two minutes at 11am to mark the peace agreement to end world war i. keir starmer spent in paris, he and emmanuel macron promising unwavering support to ukraine. the music world has been remembering liam payne, rita 0ra gave an emotional tribute at the emas last night. he brought so much joy to every room he walked into and he left such a mark on this world. as for who swept up the awards, sabrina carpenter's espresso got best song, tyla banked three wins but top of the list with four was... hey guys, it's taylor. i am coming to you from the eras tour and i am so sad i can't be with you tonight. some of the stories now, ex—british soldier daniel khalife has pleaded guilty to escaping prison, after tying himself to the bottom of a food delivery truck last year. he denied other charges including spyin

hello and welcome to business today. new nickel has become a brand thatis new nickel has become a brand that is recognised internationally and its boss has directly addressed the controversy around its cotton for the first time. today, tadashi yanai is the country's richest man with his net worth of more than 45 billion dollars. he opened his first uniqlo store in hiroshima a0 years ago. the bbc�*s mariko oi sat down with mr yanai in a wide—ranging conversation covering his goal, the future of fast fashion and controversy around the source of cotton. iamat i am at one of their latest tourist at the heart of tokyo. this year fast retailing but has achieved its goal of generating annual revenue of y3 trillion. to become the world �*s biggest retailer, needs to at least double that. the bus even has a bigger target, a revenue of y10 trillion. can he achieve that as the company �*s president before passing the button to his successor? translation: i button to his successor? translation:— button to his successor? translation:

this is business today. holding pattern on wall street as markets await results from the ai giant nvidia. this could determine what happens to global markets in the coming days. also coming up, electric shock, forward to cut thousands ofjobs in europe are blaming disappointing demand. —— ford. donald trump pics howard lutnick as the commerce secretary, signalling a tough stance on china. welcome to business today, from the work. it is a muted opening on wall street —— from new york. how the tech giant nvidia performs will be key to whether it extends it record—breaking run. shares in retailer target plunged after the holiday sales forecast disappointed. overshadowing everything, although concerns about an escalation in ukraine. we can speak to chief economic officer at regan capital in dallas. there could be a lot of volatility but of course a lot of focus on the ai spending and the returns that it could generate, so what are you watching out for and how big of a catalyst could this be for the markets? it a

hello, and welcome to business today — i'm katie silver.sident—elect donald trump has selected billionaire investor and veteran wall street boss howard lutnick as the next commerce secretary. in an announcement on his social media platform, truth social, trump said the executive will help lead the tariff and trade agenda. for more, let's get to new york and our correspondent, ritika gupta. president—elect donald trump is tapping up the ceo howard lutnik to head at the commerce department. on truth social, trump announced the wall street veteran will lead the white house's tariff and trade agenda with additional direct responsibility for the office of the united states trade representative. as commerce secretary, he will be responsible for enforcing the sweeping tariffs trump campaigned on for which lutnik has expressed fervent public support — yet many economists forecast the tariff proposals could cause inflationary effects for consumers. lutnik, whose domain stretches from brokerages to real estate, had previously been considered for the

live from new york at the opening bell, this is business today.for the next four years under a new leadership. the bank of england cuts interest rates for the second time this year, but warns inflation is on the rise. here in the us, we're also expecting an interest rate cut later today. we'll take a look at how the election result may impact the fed's thinking. plus, as trump vows to put america first, its major trading partners fear another trade war may be looming. welcome to business today, live from new york. i'm ritika gupta. where us stocks continue on a post—election rally. more on the markets in a moment, but let's start in the uk, where the bank of england has cut interest rates for the second time this year. the bank cut interest rates to 4.75%, a decision that was widely predicted, but warned inflation is likely

hello and welcome to business today. i'm steve lai. gautam adani, the chair of india's adani group, has been charged in new york over allegations of massive fraud. mr adani, who is one of the richest people in the world, has been indicted — 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. and has not issued a statement yet. let's go to mumbai. what has been the reaction in india this morning? well, steve, as you pointed out, there has not yet been a reaction or response from the adani group because it is early in the morning. we are expecting the adani group to come forward with a response. they will have to respond given the markets are just going to be opening and this will not go down well with the investors of th

welcome to business today.art in the us — where it's a case of �*happy holidays�* for the world's biggest retailer. walmart has raised its full year forecasts for the third time in a row — after strong sales in store and online over the past three months. like its rivals target and amazon — walmart has kicked off the holiday season early — with discount deals on everything from toys to household goods. our north america business correspondent ritika gupta is following this for us. good news for walmart? it good news for walmart? it certainly is, you saw them beating the latest estimates of earnings and raising their outlook for the third time in a row, and the shares are going higher off the back of this, after strong demand and a strong e—commerce business, the us consumer is looking for value and that is what walmart is offering, interesting time ahead of the holidays, inflation starts to turn the corner with people buying more merchandise and people buying more groceries and they have started their holiday s

hello and welcome to business today. i'm steve lai.hares of adani group are plunging, adani enterprises are down 10% in the green subdued 18%, after the boss 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 -

hello and welcome to business today. uniqlo has become a brand that is recognised internationally and its boss has directly addressed being in the news around the controversy around cotton from xinjiang. forthe controversy around cotton from xinjiang. for the first time the boss of the company told the boss of the company told the bbc xinjiang cotton is not used in its products. the bbc�*s mariko oi sat down with mr yanai in a wide—ranging conversation. i am at one of uniqlo�*s latest stores at the heart of tokyo. this year fast retailing has achieved its goal of generating annual revenue of y3 trillion. to become the world's biggest retailer, it needs to at least double that. but the boss even has a bigger target, a revenue of y10 trillion. can he achieve that as the company's president before passing the button to his successor? translation: i would like to achieve it and i believe i need to achieve it. in order to do that we need to imagine how different a y10 trillion firm is from a y3 trillion firm and recreate our

live from new york at the opening bell, this is business today. it's a muted open for stocks, but wall street is still on track for a winning week. another gainer this week is crypto, as its bull run continues. sceptic and chair of the sec, gary gensler steps down as bitcoin nears the $100,000 mark. plus, turbulence for carriers in spain after its regulator fines a series of european budget airlines. we'll explain why and what it means for passengers. and the trillion dollar question. as climate talks come to an end in baku, who will foot the bill to help the world's poorest countries go green? welcome to business today, live from new york, i'm ritika gupta. it could be a lacklustre end to a busy week on wall street, with investors looking to lock in gains. in about half an hour from now, we'll have the latest figures from the purchasing managers index for november, with analysts expecting a slight bounce back from the manufacturing sector. looking back at the week, investors have had a lot to weigh up. blockbuster profits from al giant nvidia, pa

they switchjoining me on business today. i will see you soon shortly. goodbye for now.for this edition. i will see you soon again shortly. bye—bye. hey, it's lucy with the catch up. tonight: prison corruption, more wins for trump, and silence in south korea. first tonight: the bbc has been told about prison officers dealing drugs and asking inmates for sex. a record 165 prison staff were sacked for misconduct in the year tojune 2024 — that's an increase of 34% on the previous year. we heard from a serving prison officer who wished to remain anonymous. there's a power dynamic and prison officers feel like they can do what they want and ask them for sex. they can make life difficult for those inside, and they know that. a former governor of large prisons told the bbc that corruption is now "a greater problem than it has ever been" and blamed it on inexperienced staff, poorvetting and training. the ministry ofjustice say they are "catching more "of the small minority who break the rules "and strengthening vetting processes". republicans have won the house of representative

that is it for this edition of business today, see you again soon. a hair—loss gamechanger, and a spymp visited president biden at the white house today. it is tradition for the changeover injanuary, and trump has wasted no time building his new team, starting with... elon musk, who will head up the department of government efficiency — or doge for short — which is for slashing wasteful spending. and trump's pick for defence secretary, fox news host and army veteran peter hegseth. he'll be in charge of the world's most powerful military — and it's his first everjob in politics. have you heard of asking forangela in a bar ora pub? it's a campaign for getting discreet help if you feel unsafe. is there anyone called angela here? no. but an undercover bbc reporter asked in 25 bars in london and over half didn't understand it. it comes as more councils are saying they will only give alcohol licenses to venues that take part. "the fashion industry should be concerned by skinny models "being back on trend." that's what a top boss at british vogue said. she thinks it could be because of weigh

welcome to business today.e breaking news we've had in the last few hours — the announcement of majorjob cuts by auto giant ford. 4,000 jobs are to go across europe, as part of a major restructuring programme. 2,900 of those will be in germany, where ford has two large plants in cologne and zaarlouis. ford says it will also be cutting 800 jobs in the uk, which is around 15% of its workforce in the country. lisa brankin, the uk chair of ford, blames the transition to electric vehicles. i think we're seeing just the market conditions change. competition is becoming more aggressive as we've made the switch to electric vehicles. customer demand for electric electric vehicles hasn't kept up with what the previous forecasts were. so it's a much more competitive environment than we've ever seen before. and we need to take action now to make sure we're fit for the future. let's bring in auto industry expert andy palmer — he's the former boss of aston martin and also held senior roles at nissan — but now consults for th

welcome to business today. let's begin in the us, where president elect donald trump has just said where president elect donald trump hasjust said he plans to impose an additional 10% tariff on china. this is over the alleged inflow of drugs like sentinel into the us. on social media, he said the new tariffs will come on top of up to 60% pledged on the campaign trail. the cradle with china which started in his first term so lots of tariffs imposed and the biden administration kept them. over eight years, according to estimates, those tariffs cost china nearly $80 billion. he also announced 25% tariffs on mexico and canada. a china watcher reacted to the proposals. watcher reacted to the mammals-— watcher reacted to the --roosals. , , ., ., watcher reacted to the --roosals. ,, ., ., proposals. this should not come as a chromatic _ proposals. this should not come as a chromatic surprise. - as a chromatic surprise. throughout his campaign, trump —— a dramatic surprise. throughout his campaign, trump proposed 20% o

welcome to business today, live from new york, i'm ritika gupta.ets have opened higher this thursday — tech shares are trading higher after ai chip giant nvidia doubled its profits. more on that in a moment. adding to the mix for investors — an unexpected fall in the number of americans filing forjobless benefits last week according to data out in the last hour. could that mean the fed is less likely to cut interest rates this month? let's bring in edward yardeni, president of yardeni research here in new york. switching over to the economic data, a good surprise there with the claims falling, so how important is this data? we get the decision from the fed next month and of course we have donald trump coming into power in a couple of months. the donald trump coming into power in a couple of months.— in a couple of months. the data should be _ in a couple of months. the data should be very _ in a couple of months. the data should be very important - in a couple of months. the data should be very important to - in a couple of months. the data should

live from new york at the opening bell, this is business today. risk aversion returns — us shares open lower as investors seek safe havens on fears of an escalation in ukraine. happy holidays, though, for walmart. the world's biggest retailer raises forecasts again — as its shares continue their best run in two decades. but could trump's tariffs spoil the party? also coming up — breaking up is hard to do when it comes to google. but could the tech giant be forced to sell off parts of its business — to end its monopoly over internet searches? and the world's busiest airportjust got busier. dubai international says it's on track for a record year — as the emirate becomes a destination in its own right. we hear from the ceo. welcome to business today, live from new york. nerves have taken hold on wall street. this is on the back of escalating tensions between the us and russia over ukraine. we also have strong earnings and forecasts in the last couple of hours from walmart. all this is the post—election euphoria from investors treats further into the

hello and welcome to business today. i'm steve lai. let's begin in the united states, where president—elect donald trump's latest proposal on tariffs is drawing concern. mr trump has said he will put levies of 25% on mexico and canada, and an additional 10% on china, once he takes office in january. officials and industry groups have warned that the move would be harmful to the global economy. investment bank, goldman sachs, says the tariffs will also raise inflation in the us by nearly 1%. the bbc�*s michelle fleury has all the details from new york. the wall street investment bank goldman sachs is one that the wall street investment bank goldman sachs has warned that president—elect donald trump's proposed tariffs could put an upward pressure on prices. on monday, donald trump said on the social media platform, truth social, that he would impose an addition 10% tariff on goods from china and a 25% levy for canada and mexico. goldman's chief economist explained in a note to clients that the tariff hikes could increase core pce prices

live from london, this is business today.start with the latest on tech results as apple reported revenue growth ahead of wall street expectations. the overall picture sent the company shares down slightly by 1.4% in trading because of a modest forecast for sales especially due to expectations of a decline in china in the fourth quarter. much of their success hinges on the success of its ai product. apple intelligence has underwhelmed many since its launch. this week shares in microsoft and matter also suffered due to the anticipated cost of ai in the year ahead. anticipated cost of ai in the yearahead. here anticipated cost of ai in the year ahead. here is our north american technology correspondent. american technology corresondent. , correspondent. apple has been lookin: correspondent. apple has been looking for _ correspondent. apple has been looking for a — correspondent. apple has been looking for a turnaround - correspondent. apple has been looking for a turnaround in - looking for a turnaround in iphone sales which hav

hello and welcome to business today. i'm katie silver.n in south korea, where delegates the key agenda — putting a cap on plastic production. but it's a measure that has faced strong countries like saudi arabia and china. as a result, negotiations have stalled on saturday, is meant to be the last round of discussions. environmental journalist robin hicks gave us his thoughts on this summit. as saudi arabia. there's also been disagreement over who will finance the treaty. developing countries are pushing for developed countries, whose multinationals, whose companies created a lot of this pollution to pay, to foot the bill, but there has been a lot of pushback also on that, on who should pay for it. speaking of these global powers, of course, the us pledged a commitment to this back in august. now we have donald trump coming in. how much is this waiting on the summit is now in busan? there's been a lot of confusion, actually, over what the us�*s position is on plastic and plastic production caps. back in august, it was reported widely that

you are with business today.car manufacturers steps up a gear. today, volkswagen will resume talks with the union ig metall, in a bid to avert the possible closure of factories. volkswagen is planning to shut at least three factories in germany and lay off tens of thousands of staff, as it struggles with falling revenue. let's speak to the auto market analyst matthias schmidt, founder of schmidt automotive research. it is good to have you on the programme. so is this really when it comes to negotiations, is this it the less chance to broker a deal? from a vw perspective, you would hope so. they have been trying to broker deals for around the last two decades. , ., , 1528 00:15:27,

live from london, this is business today, i'm lukwesa burak.tart—up northvolt goes bust as uk carmakers call on the government to ease sales targets. a massive stimulus package as inflation accelerates. black myth: wukong is crowned game of the year at the golden joystick awards in what has been a tough year for the industry. live from london, this is business today, i'm lukwesa burak. let's start in the us, where the chair of the us financial regulator — the securities and exchange commission — gary gensler has announced that he is stepping down on the day of donald trump's inauguration injanuary. the president—elect revealed plans to sack mr gensler on day one of his new administration — after the chairman took legal action against crypto firms — the news comes as investors are eyeing bitcoin as it approaches the historic $100,000 mark. gary gensler was seen as aggressive in his oversight of cryptocurrencies — which he described as "the wild west". investors have remained bullish on bitcoin since donald trump's presidential victory earlier th

hello and welcome to business today. i'm steve lai.et'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 can get to him or his nephew. how significant is this then in relation to the criminal charges brought against adani last week was good this is a very significant thing, i'm not downplaying that and the fact of the matter that legally, india may be have put

live from new york at the opening bell, this is business today. wall street looks set to continue its election rally, as the us prepares for the next four years under a new leadership. the bank of england cuts interest rates for the second time this year, but warns inflation is on the rise. here in the us, we're also expecting an interest rate cut later today. we'll take a look at how the election result may impact the fed's thinking. plus, as trump vows to put america first, its major trading partners fear another trade war may be looming. welcome to business today, live from new york. i'm ritika gupta. where us stocks continue on a post—election rally. more on the markets in a moment, but let's start in the uk, where the bank of england has cut interest rates for the second time this year. the bank cut interest rates to 4.75%, a decision that was widely predicted, but warned inflation is likely to creep higher again. inflation fell below the bank's 2% target in the year to september, but was always expected to rise again as energy bills increase

welcome to business today, i'm ben thompson.e begin with those allegations of large scale fraud, involving one of the world's richest men — gautam adani. he's been charged by us prosecutors who allege the tycoon and other senior executives bribed indian officials to win contracts for his renewable energy company. the indian billionaire has been indicted — along with seven other defendants — with orchestrating a $250 million bribery scheme. the adani group — of which gautam adani is chair — has denied the allegations, calling them "baseless". elsewhere, kenya has announced the adani group will no longer be involved the construction of its main airport, thejomo kenyatta international. the financial markets didn't like the news, with shares of adani group falling over 20% in thursday trade, wiping over a0 billion dollars off the group's overall value. our south asia regional editor, anbarasan ethirajan joins us now. good to have you here and talk to me about the significance of these allegations, denied by these allegations, denied

live from london this is business today. canada and mexico have hit back with hints of retaliation in response to president—elect trump's promise of punitive trade tariffs imposed on both countries on the day he takes office. the canadian dollar hit a 4—year low and the mexican peso also slumped in value as markets weighed up the cost of 25% levies on canadian and mexican exports to the us. trump says the tariffs will remain in place until there is a clamp down on illegal immigration. mexican president claudia sheinbaum warned trump that tariffs would disrupt the us economy and us companies in mexico, while urging for dialogue. translation: what we're saying is this will affect _ translation: what we're saying is this will affect the _ translation: what we're saying is this will affect the us _ is this will affect the us economy and american companies that have been here in mexico for 80 years, it's better to have a dialogue and come to an agreement on these issues and others that are relevant. let's discuss the latest devel

welcome to business today.yjet�*s full year operating profit is up 25% to £597 million — or $751 million. last week the company was hit with a fine of 29 million euros imposed by a spanish court over what it called "abusive practice", charging for the likes of cabin luggage or assigned seating for children. speaking to my colleage sally bundock on business today, the company's ceo johan lundgren rejected the fine and said it would be vigorously opposed. we completely disagree with this. we actually think it's illegal. we think that it goes against the european consumer law, which actually sets out very clearly that customers should only have to pay for the things that they use. and actually, if this was introduced elsewhere, and i don't think it will, i don't think it will happen in spain either, because we will challenge this as all airlines will do, you would only see that ultimately the base fares will go up and customers will have limited choice. so that's the case we're going to set out. why are you sure t