it looks like the iphone versus android wars are making their way from the cell phone world and coming to virtual reality headsets. meta executive mark zuckerberg says he will offer his vr system meta 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's own headsets, the quest 3 and pro. mr zuckerberg talked about wanting to run on quest or any operating handset. that is akin to android's flexibility to integrate with other products. in contrast, he called apple's ios system is closed.

apple is offering its headset, the vision pro, $3,500 us 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 and last week its big boss elon musk told its workforce he would cut their numbers by 10%. that impliesjob losses in the region of 40,000. in recent days, mr musk postponed a planned trip to india this week. he was due to meet the prime minister narendra modi and reveal plans to enter the south asian market. on his social media platform,

x, mr musk and they order that unfortunately... 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 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 $8,000, 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 smartphone maker, tsaiomi. tesla will find it tough to compete with these producers on price but it can't ignore the threat from rivals, and notjust of the chinese market are right around the world.

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. i don't know if that entices you to spend more time on the app itself, but get us up to speed with tiktok lite. it is something _ speed with tiktok lite. it is something i _ speed with tiktok lite. it is something i hadn't - speed with tiktok lite. it 3 something i hadn't quite heard of, but i did find out it is a slimmed down version of the social media app that takes less data and space on your smartphone. last week it introduced the task and rewards programme in france and spain, which are essentially rewards users any time they watch a video or participate in one of its tasks. however the head of the european commission has raised a red flag, saying it will hurt the mental health of people, particularly young ones, saying it is toxic and addictive. now, in orderfor them to make a big change like this in the european union,

they need to provide a risk assessment, which is something that they messed over a deadline of the 18th of april, so now they have until wednesday to provide that information. if they don't, this rewards programme is going to be paused. the bbc did receive a statement from tiktok, saying it is disappointed with the decision and that they already have rules in place of ways to monitor who is on this programme, and that they are 18 years and older. they also say that there is a daily limit on tasks related to watching video. . ~' , ., , tasks related to watching video. . ~' , . tasks related to watching video. . ~ , . ., video. thank you very much for caettin video. thank you very much for getting us _ video. thank you very much for getting us up — video. thank you very much for getting us up to _ video. thank you very much for getting us up to speed - video. thank you very much for getting us up to speed with - getting us up to speed with that, monica miller in our newsroom. now to the word of crypto currency. —— the world of. 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 miners have decreased by half since previously, and they have been some impact on miners, where they get half as many rewards, which, 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 maybe 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. so traditionally, then, what would usually happen to the price when one of these halving occurrences happened? does it follow the usual demand and supply?

that was the theory at least and people have looked at the bitcoin price chart and correlated price increases with the bitcoin halvings in the past, but it is really hard to say to what extent that is a causative event, that 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 will remain true this time remains to be seen. 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 think there will be a lot of work, and the chinese industry is 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. big challenges remain, 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. we have put a bit of 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. despite the tariffs, overall trade has been growing. china has, for example, still relied on australia for iron ore that's used in steel—making. those diplomatic tensions appear to be easing.

the chinese foreign minister, when he came, said the parties should be able to rise above their disagreements, 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. china knows australian wine, they have a history of buying it, and even if it doesn't come back the size that it was prior to these tariffs, it is still great news for the australian wine industry. and winemakers like to think their glass is half full and not half empty. phil mercer, bbc newsin the huntervalley. 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 have more news for you again at the same time as tomorrow. goodbye for now.

hiya. i'm betty and this is the catch up. first, deadly lab—made drugs are for sale on social media and being smuggled into the uk. nitazenes 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 found adverts for the drugs on platforms including x and soundcloud. the music site said it had been targeted by bad actors and remove the post. x didn't respond to the bbc although some listings were taken down. there is loads more in the full investigation

on bbc iplayer now. some other stories now. presenter huw edwards has resigned from the bbc on medical advice. he has been off air since last july, 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 berry 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 was set to open on tuesday with a show with peter kay, but bosses say the venue's power supplies are a few days behind schedule. peter kay says he is gutted to be moved to next week and he might have to move his bums and turns class for the new dates. time for ten seconds of a rogue proposal. while running the london marathon with a fridge called

tallulah on his back, daniel fairbrother 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's 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. a 2—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 acerbi found himself in acres of space inside the six yard box to nod in. after the break they had a second, thuram's strike putting them in sight of the scudetto. ac milan with the home team and gave their fans a glimmer of hope when tomori pulled one

back with ten minutes remaining. tensions began to boil over in the closing stages with ac