it looks like the iphone versus android wards are making their way from the cell phone world and coming to virtual reality meta executive mark zuckerberg says he will offer his sister met a horizon to hardware companies like lenovo and microsoft. what it means for consumers is you headsets that run on the same software and operating system as meta because �*s own headsets, request three and pro. mr zuckerberg talked about wanting to run on quest or any operating handset. that is a kenta android's flexibility to integrate with other products. in contrast, he compromised —— he called apple's ios system is closed. apple is offering its headset, the vision pro, 3500 us dollars, and that is

expected to remain the cost of their product, but the entrance of new products into the fields and at different price points could threaten to give apple a run for its money. meanwhile, tesla's shares hit a 15—month low in the monday trading session on wall street, after the company announced price cuts for its cars in several key markets. this comes just ahead of the ev maker's quarterly results tonight. our business reporter david wadell takes a look at what to expect. it is proving to be a tricky period for tesla. its shares have fallen by around 40% from the beginning of the year last week its big boss elon musk told its work was able to cut their numbers by 10%. that appliesjob losses in their numbers by 10%. that applies job losses in the region of 40,000. in recent days, mr musk spent a planned trip to india this week. he was due to meet the prime minister narendra modi and revealed plans to enter the south asian market. on his social media platform, x, mr musk and they order that unfortunately... but

he looked forward to visiting later this year. mr musk may face tough questions later when tesla releases its latest quarterly results. at the beginning of the month it emerged that the company's vehicle deliveries declined in the first quarter of 2024 for the first quarter of 2024 for the first quarter of 2024 for the first time in nearly four years. the company's cutting the price of its full self driving software in the united states by a third, from $12,000 to 8000, and it is slashing its vehicle prices in multiple markets, with new price cuts announced in china. now it is facing stiff competition there from the likes of byd, the saic motor corporation and potential new entrants like a smartphone maker. tesla will find it tough to compete with these producers on price but it can't ignore the threat from rivals, and not just of the chinese market are right around the world. speaking of electric vehicles and the chinese market, lea

auto has slashed its prices by as much as 7% on most of its models. the ev maker said it would refund owners who bought those models earlier this year also. tiktok was first put on the hot seat in the us over the weekend. now, the european union says it could suspend the social media giant's new rewards programme, which pays users to spend time on the app. for more on the story, i'm joined now by our business reporter monica miller. what can you tell us about tiktok? it isa it is a slimmed down version of the media app that essentially takes less data and space on smartphones. now this task and reward programme was offered last week in france and spain and essentially how it works is users get points for how many times they view videos or partake in any of the programmes that are part of this reward programme. the eu however has lashed out, saying it is toxic and addictive, and really what it becomes to

minors, and they are concerned about the mental health of the people who are using face. now, tiktok did miss a deadline that it was supposed to have in assessing this programme, which was on april 18, so the eu is saying that they have until wednesday to present that evidence and if they don't, the programme will be suspended. now the bbc has had from tiktok and said they are disappointed with this decision, and rewards are only open to people who are over the age of 18, and also there are daily limits on tasks related to launching videos. turning to australia, and its wine industry, where producers are relieved china's lawmakers have ended its tariffs on australian wine. but rekindling the business with the world's second largest economy is going to take some time and effort, as phil mercer reports from sydney. the world has a taste for wine from australia. it is

celebrating the lifting of duties imposed by what was its most valuable customer, china. but rebuilding a booming trade will take time. i but rebuilding a booming trade will take time.— will take time. i think there will take time. i think there will be a — will take time. i think there will be a lot _ will take time. i think there will be a lot of _ will take time. i think there will be a lot of work, - will take time. i think there will be a lot of work, and i will take time. i think there l will be a lot of work, and the chinese industry so much built on relationships as well, and having that time out of the market has meant other people have stepped into those gaps that we left, so rebuilding those relationships will be a huge part of getting back into china. ibig huge part of getting back into china. �* . ., , huge part of getting back into china. �* . . , ., china. big challenges remain, even though _ china. big challenges remain, even though the _ china. big challenges remain, even though the tariffs - china. big challenges remain, even though the tariffs are . even though the tariffs are being lifted. the diplomatic row between beijing and canberra cost australia its biggest overseas wine market. the value of its exports to china fell from more than $600 million at their peak to just under $7 million last year. but here in the hunter valley, there is a determination to try to claw back much of what was

lost. a consequence of china's restrictions is a huge glut of wine in australia, estimated to be the equivalent of more than 850 0lympic swimming pools. growers have had to look elsewhere.— growers have had to look elsewhere. ~ . , ., , ., elsewhere. we have put a bit of effort and _ elsewhere. we have put a bit of effort and time _ elsewhere. we have put a bit of effort and time into _ elsewhere. we have put a bit of effort and time into exploring . effort and time into exploring newer markets, such as vietnam, south korea, india and japan, and i think that has been a silver lining i guess from the stress that these tariffs have put on the australian wine industry. put on the australian wine industry-— put on the australian wine indust . , ,, ., q industry. despite the tariffs, overall trade _ industry. despite the tariffs, overall trade has _ industry. despite the tariffs, overall trade has been - industry. despite the tariffs, i overall trade has been growing. china has, for example, still relied on australia for iron or that's used in steel—making. those diplomatic tensions appear to be easing. the chinese _ appear to be easing. the chinese foreign - appear to be easing. tue: chinese foreign minister appear to be easing. tte: chinese foreign minister when he came said the party should be able to rise above their disappearance, so i think that is really significant. there is goodwill on both sides, and a

joint desire to continue to engage and improve the relationship.— engage and improve the relationship. china knows australian _ relationship. china knows australian wine, - relationship. china knows australian wine, they - relationship. china knows| australian wine, they have relationship. china knows i australian wine, they have a history— australian wine, they have a history of— australian wine, they have a history of buying it, and even if it doesn't come back the size — if it doesn't come back the size that _ if it doesn't come back the size that it was prior to these tariffs. — size that it was prior to these tariffs. it— size that it was prior to these tariffs, it is draw great news for the — tariffs, it is draw great news for the australian wine industry. for the australian wine industry-— for the australian wine indust . �* ., ~ , for the australian wine indust .�* , ~ industry. and winemakers like to think their _ industry. and winemakers like to think their glasses - industry. and winemakers like to think their glasses are - industry. and winemakers like to think their glasses are full. to think their glasses are full and the half empty. phil mercer, bbc news and hunter valley. to the world of cryptocurrency now, as mandated in the bitcoin code, about every four years the currency network will slash its reward to miners. this practice, known as halving, took place last friday. that's the fourth time it's been done since bitcoin was launched back in 2009. i spoke to crypto researcher molly white and asked her what exactly the halving process entails and about its impact on miners. bitcoin rewards to minors have decreased by half since previously, and they have been some impact on —— miners, where

they get less rewards, for a couple of days doesn't make much impact but will do later. there wasn't too much movement in the bitcoin price, which i think was to be expected. the impacts from the halving are usually somewhat protracted, but i also think that the days of the bitcoin halving being this momentous occasion have may be gone by as these rewards have dwindled over time, and as bitcoin markets have begun to follow traditional markets far more than they once did. what we traditionally _ more than they once did. what we traditionally happen? - more than they once did. what we traditionally happen? does it follow the usual demand and supply? it follow the usual demand and su -l ? ., it follow the usual demand and su . .l ? ., ., , it follow the usual demand and suul? . supply? that was the theory at least ten people _ supply? that was the theory at least ten people have - supply? that was the theory at least ten people have looked l supply? that was the theory at | least ten people have looked at the bitcoin price chart and correlated price increases with the bitcoin halving is in the past, but it is really hard to say to what extent that is a causative event, that the

halving is what caused those price increases, and to what extent it was merely correlated. the last time the bitcoin halving happened was basically at the very beginning of the covid—19 pandemic, which sparked major demand, so to blame it on the halving rather than the macroeconomic conditions at the time is maybe not so wise. so historically prices have gone up when bitcoin has gone through the halving, but whether or not that well remain true this time remains to be seen.— that well remain true this time remains to be seen. before we to, remains to be seen. before we no, a remains to be seen. before we go. a us _ remains to be seen. before we go, a us regulator— remains to be seen. before we go, a us regulator is— remains to be seen. before we go, a us regulator is suing - go, a us regulator is suing the parent company of coach. in other news, a us regulator is suing the parent company of coach to stop a $8.5 billion deal to buy michael kors owner, capri. the fedral trade commission says it would eliminate head—to—head competition for the brands.

earlier this month, the companies had received regulatory approval from the eu and japan for their deal. that is it for this edition of asia business report. i will be back for you in the next half hour.

hello. i am hello. iam betty hello. i am betty and this is the catch up. first, deadly lab made drugs are for sale on social media and being smuggled into the uk. it is scenes are similar to heroin but can be hundreds of times stronger and have been linked to three deaths a week in the uk. the bbc have had adverts for the drugs on platforms including axe and soundcloud. the music site said it had been targeted by bad actors and remove the post. x didn't remove the posts although some listings were taken down. there is loads more in the full investigation on bbc iplayer now. some other

stories now. presenter hugh edwards has resigned from the bbc on medical advice. he has been off air since lastjuly, after reports claimed he paid a young person for sexually explicit images. police said there was no evidence of any crime. a parliamentary researcher and another man have been charged with spying for china. christopher cash and christopher barry are accused of giving articles, notes, documents or information to a foreign state. china called the allegations malicious slander. and audiences will have to wait another week to get into the uk's biggest new arena because it's not quite ready. the co—op live in manchester were set to open on tuesday with a show with peter kay, but bosses say the venue's power supplies a few days behind schedule. peter kay says he is gutted to be moved to next week and he might have to move his arms and tans class for the new dates. time for ten seconds of a road proposal. while running the london marathon with a fridge

called tallulah on his back, the runner daniel stopped to propose to his girlfriend. she said yes and off he went to finish the marathon. you are all caught up now, see you later. hello, and welcome to sportsday. i'm paul scott at the bbc sport centre. here is what is coming up. inter milan are champions of italy, after a win over their cross city rivals. he cannot stop winning. scottie scheffler secures another pga tour title, this time at a rain delayed rbc heritage in south carolina. and four—time snooker world champion mark selby admits he is contemplating his future, after crashing out of this year's championship in the first round.

welcome along to the programme. now, it was a particularly sweet night for internazionale, as they secured the serie a title in italy, and they did so against their fiercest rivals, ac milan. 80-1 against their fiercest rivals, ac milan. 80—1win at the san siro was enough to get over the line. the equation was simple at the san siro. inter knew a win would secure the serie a title and it didn't take them long to open the scoring, francesco sab found himself in acres of space inside the six yard box to nod in. after the break they had a second, mark is's strike putting them inside of the scudetto. ac milan with the home team and gave their fans a glimmer of hope when

tomori pulled one back with ten