here's ritika gupta.hina a [aqua china a the wto one day with the wto just one day us donald trump after us president donald trump raised border raised bender on goods by 10%, taxes on chinese goods by 10%, a measure he was intended a measure he said was intended to address influx rte address an. ff'gx 7 drugs. of illegal drugs. china accused the us of making and false 10% tariffs against china. and the dispute comes as data shows record—high imports into the us, pressuring the trade deficit. here's ritika gupta. china lodged a complaint with the wto just one day after us president donald trump raised border taxes on chinese goods by 10%, a measure he said was intended to address an influx of illegal drugs. china accused the us of making unfounded and false allegations about its role in the fentanyl trade to justify tariffs on chinese products. in the protectionist and violated world trade rules. it has also announced its own retaliatory tariffs to begin on 10 february. meanwhile, data release on wednesda

our north america business correspondent, ritika gupta, has been trying to keep up. a sense of what has gone on so far today because down on 77 down on that opening sharply down on that nervousness, but some that may be the reassurance that may be the president is willing to listen, things change? �*things change? - ben. we if things change? 2 ,7,7::; seeinu stocks if things change?§ - seeing stocks reversed f if things change?§ - seeing stocks reversed some losses, as you of those losses, as you mentioned, a slight reprieve ”22 seeing stocks there, but still seeing stocks down in the red after the —nd anngunzgmgnt gt tariffs £1112" """*"”""'*”"’ of anngunzgmsnt gt tariffs amiw' ' " of course anngunzgmsnt gt tariffs ahq�*w'” ' " of course fast changing then of course, fast changing with the announcement moves with the announcement that the tariffs of mexico will be delayed �* a that the tariffs of mexico will be delayed �*a month. the big beét'areé ffi- a �*fi�*th that-z avg though, is he'éat-zlsa'geé ffi- a �*fi�*th thc-z his though, is how he'éat-zlsa'geé ffi- a �*fi�*th

ritika gupta has more. that beat analyst expectations, with a strong holiday shopping were overshadowedcomputing unit fell short of estimates. the company's cloud unit, amazon web services, reported a 19% rise in revenue to around $28.7 billion, amazonjoins microsoft and google in reporting weak of dollars in al investments and are hungry to reap the returns. that it can be built at a fraction of the cost. amazon, like microsoft, has already made deepseek�*s ai the japanese prime minister, shigeru ishiba, is in steel to buy us steel. administration, but both firms hope president trump will see things differently. our asia business reporter mariko oi has more. also block the deal, but the two companies are definitely trying to save the deal. so, for example, the boss of us steel reportedly met and this, of course, comes one day before with the us president. as you said, joe biden blocked the deal, citing national the previous administration. while the union is against it, not only the leadership and investors of us steel, but even some workers have also started to favour the deal because

i'm ritika gupta. a lacklustre end of the week on wall street. than expected. american employers created 143,000 jobs injanuary, way below the 170,000 markets were expecting. across much of the country are thought to have hit hiring. as the fed waits to see the impact of president trumps in princeton newjersey. bob, welcome. thatjobs figure it seems traders are dying at an end and seems a mixed 7 v 7 wand 7 71:77???” and a report? and a reportithat report and a noisy report that they la wildfires in cold weather across the country. did you 5 did you make 5 did you make of j did you make of it? 5 did you make of it? iwloisy what did you make of it? noisy is a good world. number was is a good world. the number was below expectations as you are ported but of course, some of we re were to the the revisions were to the positive side, ameliorating somewhat. was was; gains. the: egan-is? ""’ 2% but you cannot inflation of 2% but you cannot do that if wage gains are three, four, 5% to the upside. in the challenge why e -£75 fed on 77 j ' ”fer "0533173? 7 w ' ”fer wonrh

ritika gupta, joins us now.et's start first with alphabet before we get apple, of before we get to apple, of course, the of so course, the owner of google, so why are investors so nervous now? , , ., why are investors so nervous now? , , ., , . now? yes, you see that nervousness _ now? yes, you see that nervousness being - now? yes, you see that. nervousness being dragged down after some underwhelming results from alphabet. as results from alphabet. a&e as well, investors here, said well’."investprs here, said the heavy wallrinvastdrs hara, said the heavy spending a bout the heavy spending fro rd co m pa n i es a bout the heavy spending fro rn companies and a bddt'the heavy spending from companies and when they these companies and when they are going to get returns on that and how these can monetise ai. for z— its cloud focus, with in its cloud focus, with revenues missing, and then as google built out ai features z- its cloud computing into its cloud computing programme at a time when 77 a re really 77 are real

to. of a sovereign wealth fund within the next year, our north america business correspondent ritika gupta the presidential campaign, to create a sovereign wealth fund for the us. he signed an executive order on monday that charges treasury secretary scott bessent and howard lutnick, trump's nominee, to lead the commerce department, with beginning the process. mr lutnick suggested the fund could even be used to facilitate the sale of tiktok, which is currently industries 7 technologies 7 future. and technologies of the future. this of the us this announcement of the us sovereign wealth fund is news news that is heats that is iiikeiit; fantastic news that is likely to greatly accelerate us economic growth shore us economic grdwtbabta'sbors up us security economic grthbano'sbors up us security a economic grthbano'sbore up us security a time national security at a time when we are coming under iglcgeasing from when we are coming under insceasing from china. increasing threat from china. to answer your question, what is a sovereign wealth fund? it is a sovereign wealth fund? it is a sovereign

amazon though did announce that it will spend about our north america business correspondent ritika guptaas more. amazon posted sales and profit in last year's final quarter. holiday shopping season boosting its retail business. weak cloud numbers, with big tech ploughing billions of dollars in al and claims that it can be built at a fraction of the cost. american consumers keep spending, and there was no outlook, or that they would be facing headwinds there, so i think expectations became a bit heady in recent weeks, facing some headwinds, as they mentioned, from the currency, that was the main factor cited for the weaker outlook for 01. particularly in the second half of the year, that it expects those concerns about the chinese ai player, to its bedrock platform, which is essentially a marketplace for foundational models and llms. and include it so that amazon web services customers can realise the best value, just as it aims to satisfy on capital expenditures, and the vast majority of that going towards ai for aws. is now in the $115 billion range for the coming year. accelerate, as i

order on monday ordering the creation video app tiktok. 0ur north america business correspondent ritika gupta unclear how such a wealth fund would work, but has previously typically, such funds rely on a country's if created, it would place the us alongside several other countries that have a sovereign wealth fund, including china, singapore, new zealand, norway and saudi arabia. brings to a close business is. on a bbc web today is. on a bbc news web there is a live page all 7 ”all the 77 all the time 77 7 ”all the time with updating all the time with the latest on what china has gone in retaliation to the into effect just three i three hours i three hours ago. in two time i 7 time these 7 7 time these euvropean start per session. fisstssss sssts est ====ifm " ' be interesting to see how it'll be interesting to see how european share markets begin the day. in and france the day. in germany and france on monday we saw heavy losses because president trump did say becausepresidentstrurnpdidsay the eu is likely to be on that the eu is likely to be en. receiving that the eu is likely to be sh recei

capital expenditure this year — a figure that surprised analysts and highlighted for more, here's ritika guptayork. expectations on tuesday. in revenue to around $11.9 billion in the fourth quarter, slowing down from the 35% increase in the september quarter. the soft cloud numbers come even as google has spends more heavily on al. and competition remains fierce — google cloud its rival microsoft also reported weaker—than—expected growth in its azure cloud platform last week. that was looking at the numbers and some of the reaction among competitors. investigation into google. blocked in china since 2010. and he gave me his take on results. i mean, looking at the cloud and the search results on the cloud front — especially, you know, given that microsoft also reported some weakness there, i think what's going on here is we're seeing some pullback security in this ai era, as well as to just cut costs. and so... aside to invest in al just this year. and did not deepseek illustrate that, actually, so the investments are really a long—term strategy and i think it's going to reap the rewards down t

here's ritika gupta.s. china accused the us of making and false

our north america business correspondent, ritika gupta has more. of tariffs, racing to secure foreign—made. china ranked as the country with the biggest deficit in goods in december, sending around $25 billion more wto procedures give the us and china 60 days at which point china has the right to request adjudication by a panel of judges. but the final wto panel that settles trade disputes the appointment of newjudges to the body, making it unclear well, a former senior official at the world trade organisation has told the bbc that china's formal complaint over into the us than it purchased. wto procedures give the us and china 60 days to resolve their dispute through consultations, at which point china has the right to request adjudication by a panel of judges. but the final wto panel that settles trade disputes remains unable to function, as the us refuses to approve the appointment of newjudges to the body, making it unclear how effective a remedy it will be. well, a former senior official at the world trade organisation has told the bbc that china's formal complaint over additional us

i'm ritika gupta. a lacklustre end of the week on wall street.

capital expenditure this year — a figure that surprised analysts and highlighted for more here's ritika guptanew york. on tuesday. from both increased competition in the digital advertising market and a slowdown in its cloud computing business. in revenue to around $11.9 billion in the fourth quarter, in the september quarter. for their work. to maintain strength across its businesses as it spends more heavily on al. the company also announced that it also plans to invest as it continues to expand on its ai strategy. competition remains fierce. google cloud still trails behind amazon.com and microsoft in size. than expected growth last week. on tuesday the chinese authorities announced some non—tariff measures, one of which is an anti—monopoly but for context, google�*s search services have been blocked in china since 2010. was a given, the shock after our trade? was l a given, the shock after our trade?- was l a given, the shock after our trade? a bit more of a nuanced paint a bit more of a nuanced picture the drops address. picture than the drops address. the cloud that micrasatt also some

our north america business correspondent, ritika gupta has more. on chinese products.e rules. on 10 february. $293 billion as businesses responded to the threat that are purchased. the wto procedures give the us and china 60 days to resolve the dispute through consultations at which point it ofjudges. the appointment of newjudges to the body, making it unlikely has told the bbc that china's formal complaint over additional us tariffs has very little chance of progressing. tom graham said it would probably take a year before developments. hello to terry. you and talked for a little haven't talked for a little it's been a while, it's been quite a week with dominating the with tariffs dominating the agenda. and china now putting its complaint to the wto. in its complaint to the wto. your thoughts on what may next? your thoughts on w. ~. next? ,., ., your thoughts on w. ~. next? ., your thoughts on a . a-. next? ., �* happen next? a bit surprised happennext? a bit surprised about china not a bit surprised about china wto filing and i concur broadly w—tqfiling ahdlsshsur br