time for the look at the business. we'll start with news from tesla, the electric car—maker is the focus of investors on wall street for all the wrong reasons today. they have opened sharply lower, slashing the price war its model free car by around $2000 in major markets, including germany and china. that is after similar price cuts in the united states. tesla has been grappling with falling sales and rising competition in the electric car market. that is causing many investors to rethink how they value the company. shares have lost more than 40% of their value this year. tesla reports quarterly results tomorrow evening. earlier i spoke to david bailey, professor of business economics at the university of birmingham, he specialises in the car industry. he gave me a sense of just how tough it is right now for tesla. . , , . just how tough it is right now for tesla. . , ' . ., ., tesla. really difficult water for tesla,

tesla. really difficult water for tesla. very _ tesla. really difficult water for tesla, very road. _ tesla. really difficult water for tesla, very road. we _ tesla. really difficult water for tesla, very road. we also - tesla. really difficult water for tesla, very road. we also saw| tesla. really difficult water for | tesla, very road. we also saw a recall of the cyber track, clearly the price cut they did before a year ago really hasn't stipulated —— stimulated sales. as it loots, deliveries for 2024 likely to be flat compared to last year. i challenging environment, what is going on is that the market globally, growth is slowing, lots more competition. particularly from china can make electric vehicles are low—cost. if china can make electric vehicles are low-cost. , ., , ., ~ low-cost. if people are thinking about making — low-cost. if people are thinking about making a _ low-cost. if people are thinking about making a switch, - low-cost. if people are thinking about making a switch, given i low-cost. if people are thinking. about making a switch, given the cost of living crisis, they might think they would like a tesla but cannot afford one, they will go for a cheaper chinese one and the competition is hitting the bottom—line. competition is hitting the bottom-line.— competition is hitting the bottom-line. , . �* bottom-line. very much so, we're seeinu a bottom-line. very much so, we're seeing a wave _ bottom-line. very much so, we're seeing a wave of— bottom-line. very much so, we're seeing a wave of chinese - bottom-line. very much so, we're seeing a wave of chinese cars - seeing a wave of chinese cars arriving, in europe. they are not just cheap, they are also very good quality. if we look at cars like the

ey d, good batteries, china has been making electric car for 25 years, they have scale, experience, they can produce at very low—cost. that is a massive challenge for tesla. there is a question about tesla's strategy because their strategy has been about scale and cost. can they compete for the chinese? they have been aiming for a cheap $25,000 car, that seems to have been postponed and they seem to be going more into autonomy. and they seem to be going more into autonom . , ., , ., , ., ., autonomy. yes, and investors on that convinced that — autonomy. yes, and investors on that convinced that they _ autonomy. yes, and investors on that convinced that they can _ autonomy. yes, and investors on that convinced that they can do _ autonomy. yes, and investors on that convinced that they can do it. - autonomy. yes, and investors on that convinced that they can do it. tesla i convinced that they can do it. tesla shares down by more than 40% since the start of the year. do you think a price cut is enough to win back confidence of consumers, given there is so much competition and people don't have a lot of money? exactly, hue cost don't have a lot of money? exactly, huge cost of — don't have a lot of money? exactly, huge cost of living _ don't have a lot of money? exactly, huge cost of living squeeze - don't have a lot of money? exactly, huge cost of living squeeze is - huge cost of living squeeze is taking place in many european countries, and the uk in particular. tesla clearly have to cut prices. for the consumer, electric vehicle prices coming down is great, it will

encourage take—up. but the chinese can go much further, so there is a question about how far tesla can go. also if they go down the robo taxi rooted that they are saying, which is really propping up their share price, and not sure that will work. what we're seeing is the tesla share price in particular being judged as a rather than a technology company. let's talk to erin who is watching this. today the price cut, investors don't like it, tomorrow the results, doesn't bode well. it don't like it, tomorrow the results, doesn't bode well.— doesn't bode well. it has been a rou:h doesn't bode well. it has been a rough year _ doesn't bode well. it has been a rough year for — doesn't bode well. it has been a rough year for tesla, _ doesn't bode well. it has been a rough year for tesla, as - doesn't bode well. it has been a rough year for tesla, as you - doesn't bode well. it has been a - rough year for tesla, as you pointed out, shares are down more than 40%. as your guest said, there are a few problems that have plagued tesla, one of the major ones that i look at is the competition rising from chinese markets. 0ne is the competition rising from chinese markets. one thing that is interesting is that the market in

china is byo de, marketing themselves earlier this year is the biggest car company you have never heard of, but they are really gaining a share and in fact they briefly overtook tesla as the world's biggest electric car—maker before tesla reclaim the title. what is interesting is that byd can control a bigger portion of the supply chain and manufacturing process, and in fact truly a technology company that focuses on making the electric car batteries doesn't have to outsource them, that gives them more flexibility to cut prices. that in turn makes other competitors in china and elsewhere including tesla want to drop prices are noted to be competitive. this is happy get that back and forth, agitation in the market, a price war as it gets cold. 0ther agitation in the market, a price war as it gets cold. other problems plaguing tesla, the cyber track recall, down on the number of deliveries announced lay—offs, and most recent news is that tesla's chief executive elon musk is postponing a planned trip to india where he was expected to talk about

an increase in footprint and that major market, saying the problems and tesla obligations at tesla were keeping him at home.— keeping him at home. thank you. first-time — keeping him at home. thank you. first-time home-buyers - keeping him at home. thank you. first-time home-buyers in - keeping him at home. thank you. first-time home-buyers in the i keeping him at home. thank you. | first-time home-buyers in the uk first—time home—buyers in the uk after facing the toughest conditions in 70 years, according to a new report by the societies association. it represents lenders and says those buying a first home are increasingly reliant on having two high incomes are getting help from their parents. 0thers are getting help from their parents. others have been priced out and are stuck in renting from private landlords. there is here from one teacher who rents a property in north—east london. they say renting is becoming expensive and she is struggling to qualify for help and affordable home schemes. aha, struggling to qualify for help and affordable home schemes. as lat struggling to qualify for help and affordable home schemes. a lot more attention in housing, _ affordable home schemes. a lot more attention in housing, if— affordable home schemes. a lot more attention in housing, if you _ affordable home schemes. a lot more attention in housing, if you have - attention in housing, if you have issues and you press hard or not able to pay an increased rent, they

know they can get you to leave and they will get someone in tomorrow. seems to be a narrow window that you have to fit into to be eligible for a lot of these schemes. you also own a lot of these schemes. you also own a small share of quite a pricey property. a small share of quite a pricey ro -e . ., , a small share of quite a pricey preperty-_ a small share of quite a pricey ”roe _ ., , �*, ., ~' a small share of quite a pricey n-roe . ., , i, ., " ., property. one example, let's talk to paul property. one example, let's talk to paul, head property. one example, let's talk to paul. head of _ property. one example, let's talk to paul, head of mortgages _ property. one example, let's talk to paul, head of mortgages and - property. one example, let's talk to | paul, head of mortgages and housing at the bsa. why is this problem persisting, it seems like every time we talk about, to be getting worse? it does, we have known that house prices have been going for many years, we are now at the most expensive since the 1950s, the affordability has stretched, that is due to the price of buying, so raising the deposit and getting the right size mortgage to package, then the cost of owning, that is where things have changed. the increase in mortgage interest rate putting the additional pressure on to first—time buyers. it additional pressure on to first-time bu ers. , ., additional pressure on to first-time bu ers. _, ., additional pressure on to first-time buers. buyers. it is also a supply and demand issue, _ buyers. it is also a supply and demand issue, as _ buyers. it is also a supply and demand issue, as always, -

buyers. it is also a supply and| demand issue, as always, and buyers. it is also a supply and l demand issue, as always, and a buyers. it is also a supply and - demand issue, as always, and a lot of politicians from whatever party talk about the uk needing to build more homes time and again, itjust doesn't happen. why is it so difficult to build their homes we need? it difficult to build their homes we need? ., , difficult to build their homes we need? . , , difficult to build their homes we need? ., , , difficult to build their homes we need? . , , need? it really is tricky, as you sa , need? it really is tricky, as you say. every _ need? it really is tricky, as you say, every prospective - need? it really is tricky, as you - say, every prospective government says how important it is, building sufficient houses, then invariably installs a revolving doorfor housing ministers to come and go. we have had 14 housing ministers in the last 13 years. that short—term ism is never going to get the job done. we need a review of the market with policies brought forward by government and an independent chair to make sure that happens and the electorate can hold the government to account. ~ ., ., electorate can hold the government to account. ~ ., ~ ., to account. when we talk about incentives _ to account. when we talk about incentives or _ to account. when we talk about incentives or policy _ to account. when we talk about incentives or policy measures i to account. when we talk about | incentives or policy measures to encourage or help first—time buyers, we see things like help to buy, things like shared ownership schemes, all they seem to do is inflate the price of property, they don't help people get on, theyjust make it more affordable and then

they have to paid back later. that's they have to paid back later. that's the challenge. _ they have to paid back later. that's the challenge, we _ they have to paid back later. that's the challenge, we have _ they have to paid back later. that's the challenge, we have seen - the challenge, we have seen short—term and political stance just to get us over the hill, to get people on today, at the expense of future first—time buyers. the time for those little stance and short—term policies has been and gone. we need to start looking at this in the long term to make sure we can support first—time buyers of today without this —— disadvantage in the next generation in the future. ~ ., ., , , , future. what would be the biggest chance future. what would be the biggest change biggest — future. what would be the biggest change biggest help _ future. what would be the biggest change biggest help for _ future. what would be the biggest change biggest help for first-time| change biggest help for first—time buyers? change biggest help for first-time bu ers? ., ., , ., , buyers? there are two parts, one is housin: buyers? there are two parts, one is housing supply _ buyers? there are two parts, one is housing supply and _ buyers? there are two parts, one is housing supply and the _ buyers? there are two parts, one is housing supply and the government getting to grips with it. the other thing is since 2008 and the financial crisis, mortgage regulation has tipped slightly too far in favour of financial stability, often at the expense of enabling access to homeownership. 2 million fewer owner occupied mortgage holders in the uk than we had at the peak 20 years ago, we're

back to those levels of the 1980s and we now have a larger population, so that also needs to change. interesting, let's see what changes if anything, good to have you with us, thank you. elsewhere a ban on tiktok and moves a step closer as the house of representatives passed a bill effectively prohibiting it, unless it's chinese owner sells a state within a year. fears that the data of millions of american tiktok users could wind up in chinese hands has driven the us to demand the firm splits from its beijing —based parent company. tiktok says the company is not an agent of china or any other country and points out the firm is 60% owned by global investors. china analyst says the firm's position is inconsistent. it seems to me that beijing is trying to have it both ways, it is saying no, we are not chinese, but it is also saying the chinese government

will not let themselves. which is it? if it is not a chinese company, if it isjust it? if it is not a chinese company, if it is just an it? if it is not a chinese company, if it isjust an ordinary it? if it is not a chinese company, if it is just an ordinary global media business, then there is no political reason why bytedance should not divest, and if that were to happen, tiktok could continue to be used happily by its 170 million american users. be used happily by its170 million american users.— be used happily by its 170 million american users. tiktok says given the number _ american users. tiktok says given the number of _ american users. tiktok says given the number of users, _ american users. tiktok says given the number of users, those - american users. tiktok says given the number of users, those 170 i the number of users, those 170 million, if it was banned, it would trample on free speech. is that an adamant that is relevant? hat adamant that is relevant? not reall . if adamant that is relevant? not really- if you _ adamant that is relevant? not really. if you look _ adamant that is relevant? not really. if you look at _ adamant that is relevant? iirrt really. if you look at where tiktok was banned, very abruptly, which was in india in 2020 after a very violent border clash with china, they had 300 million users in india. and india banned all chinese social media after 20 indian soldiers were killed by chinese troops on the border. it was done very suddenly. what actually happened was, it is

not the end of the short video market, because there are options. you can express yourselfjust as well on short reels, on other platforms, and that is what happened in india. there was a slight difference, it was noted that particularly kind of smaller content creators had to make a bit of an adjustment, but it is not that there was a ban on short videos, teaches that platform. was a ban on short videos, teaches that platform-— was a ban on short videos, teaches that platform. some other business stories... rail— that platform. some other business stories... rail passengers - that platform. some other business stories... rail passengers in - that platform. some other business stories... rail passengers in the - that platform. some other business stories... rail passengers in the uk are being warned of disruption during the week of the may bank holiday. drivers announced more strikes are an overtime ban. start at 16 chain companies will take part in rolling one—day walk—outs between the seventh and the 9th of may, or related to pay and working conditions. 0vertime ban will also take place between the sixth and the 11th of may. the biggest water company in the uk, thames water, has asked the regulator to let it raise

consumer bills by up to 44% over the next five years. they are heavily indebted with about 60 million customers in the thames valley and london, they say they want to increase investment in environmental measures. the company's use debts have led speculation it could be taken over by the government. the model train maker hornby has blown the situation in the red sea or a drop in sales. the 100—year—old company says disruption to shipments through the middle east have delayed deliveries of stock. hornby reported sales for the first three months of the year were down by 8% on the same period last year. those are your top business stories only on bbc news.

around's present has met with the

pakistani prime minister in his first visit since the military strikes in january. first visit since the military strikes injanuary. during his stay, he will also meet pakistan's president who was elected in march, spoke about the need for better communication between the two countries. let's get more from our pakistan correspondent. the iranian a pakistani flags are flattering side by side all across roads throughout islamabad. both countries want to signal that this visit is about a sign of friendship. historically the two have had a relatively amicable relationship but backin relatively amicable relationship but back injanuary and iran launched a missile strike that hit inside pakistan's territory. pakistan responded in kind, also sending a missile strike that hid inside iranian territory, bedside said they were targeting militant groups. since then they seem to have come to some form of agreement, both talking about having a brother relationship but it does mean this is why this visit is considered to be particularly important. we have seen images as morning already of the

president touching down close to islamabad and meeting various dignitaries, we know that he will meet the prime minister of pakistan, president, we have also seen images of him meeting the head of pakistan's army. so far no international media has been allowed to film or ask any questions on the president's visit. this comes at a very tense time in the middle east with very deteriorating relationship between israel and iran. we don't know exactly what will be discussed in terms of security but we know that both sides of said that while they will be talking about trade and that that is a key part of its visit, there will be discussions about security. the metropolitan police have charged two men with spying for china. they were accused of breaching the official secrets act. they will appear on court on friday. the chinese embassy in london called the arrest still staged politicalfarce. let's speak to our security correspondent gordon corera.

what is going on? two men who were arrested about _ what is going on? two men who were arrested about a _ what is going on? two men who were arrested about a year— what is going on? two men who were arrested about a year ago _ what is going on? two men who were arrested about a year ago were - arrested about a year ago were charged today after what was described as a complex investigation by the metropolitan police. christopher berry, 32, christopher cash, 29, charged under the official secrets act of 1911, section one. which refers to obtaining our passing documents or information which might be directly or indirectly useful to an enemy. that is the language that was used in that official secrets act which has now been replaced by a new piece of legislation, a national security act, but the alleged offences in this case to place before that you act took place so they come under this official secrets act. the men were arrested nearly a year ago and in use of their arrest emerged last september, at that time christopher

cash was identified as a parliamentary researcher working with the chinese ratio group, a body set up by conservative mps in parliament to promote fresh debate on china. at the time lawyers for him maintained he was innocent and as you have heard, the chinese embassy have also dismissed these reports as malicious slander. thank ou. heading to ecuador, you may remember these pictures. back injanuary, a tv station in was taken over by marston gunman during a live broadcast. and it same time powerful drug cartels set off explosions in multiple cities in those widespread riots inside ecuador�*s present. ecuadorians have voted in favour allowing the military to patrol the

streets, part of a referendum on bolstering security in the country following a surge in gang violence. 0ur south american correspondent sent this report. ecuador�*s capital, quito, is bursting with life. but among the songs and smiles, clues that this is now the continent's most violent country. the bloodshed at this youth centre is just a sport. but on the streets, many young people are losing their lives at the hands of violent drug cartels. carmen's brother was killed by a gang member who wanted money when he wasjust 19. translation: the gang threatened us at our housethrowing stones at us - because the murder occurred next to my son. they said if the gang member goes to the prison, my son would be the next person to die. i think militarising the country is not the solution. instead of investing that, they should invest in the youth. a cocaine dealer known as el gato

illustrates her point. translation: | started selling - and smoking when i was 14 years old. we went through financial problems. my mother was always working and never there for me. i was alone in the house, crying and screaming for my mom. then i met my friend's — bad friends who introduced me to drugs. i believe that the country's economic crisis is what led to so much crime. surprisingly, he backed more security measures, saying he wanted a way out of this life and addiction. this vote was called in response to scenes like these — armed men holding a tv station hostage, prison riots, mass killings and kidnappings. this led to a state of emergency where the military were brought in to fight gangs. the government hopes the result gives it a mandate for this to continue.

get rid of narco trafficking . and criminality to bring peace i'm voting no because militarising ecuador the meteropolitan police has apologised to the mother of murdered teenager stephen lawrence for breaking its promise to answer questions raised by a bbc investigation into his killing. stephen was 18 when he was stabbed to death in a racist attack in south london — 31 years ago today. last year the bbc named matthew white as the sixth suspect in the case. daniel de simone reports.

the racist murder of stephen lawrence took place 31 years ago today at a south london bus stop. two of the original five prime suspects were convicted almost 20 years after the murder. but the met�*s disastrous handling of the case means no—one else has been brought tojustice. last year, the bbc publicly identified a sixth suspect, matthew white, who died in 2021 and revealed multiple failures by the met to properly investigate him. now, stephen's mother, baroness doreen lawrence, gives her first interview about the new evidence and the met�*s response. we knew there was five, possibly six, and now we know that there was six and the one that's just passed away, he's probably the key one who probably caused stephen's murder. and they did nothing about it. we showed not everything possible was done before the murder investigation was

closed four years ago. baroness lawrence now has a personal message for the met commissioner, sir mark rowley. there's still lines of inquiries for them to follow up on. there's still three suspects out there, and i'm sure there's witnesses that probably could help them, if they're interested. so i think that's what i'd like to see him do, is to instruct his team to follow up on the information, whatever is out there. because if you don't go and look, you're never going to find anything. the officer now responsible for the case, deputy assistant commissioner matt ward, promised baroness lawrence answers last year about the met�*s handling of the sixth suspect, but failed to provide them. he wrote to her injanuary to say he's ashamed and regretful, and then went silent. last week her lawyer wrote to the met commissioner himself to complain. now, in a statement to the bbc, sir mark says:

she says she won't settle for the met�*s failures. i don't think any mother would want to do that. and i'm no different. i think all mothers would want to make sure that they're there to support their child if something happened. it's to hold those accountable for what happened to that person. reporter: from the bbc. bleep three prime suspects, including brothers neil and jamie acourt, remain free. they've always denied murder. were you there when stephen lawrence was attacked? so would you like to see the investigation reopened? definitely so. she says the outstanding suspects are cheating justice. they're living their lives. they don't have to worry because the police have no intention of following up and seeking to investigate them.

and they continue to get away with murder. daniel de simone, bbc news. thames water customers can see their bills increase by 40% of new plans to boost investment are approved. the water film which is the biggest in britain wants to increase its spending on 0bama to projects by £3 billion but is now seeking permission from the regulator to raise consumer bills for the second time this year. it comes amid criticism on the water quality in the river terms. the death has been announced in the usjournalist the river terms. the death has been announced in the us journalist terry anderson who was held by kidnappers for nearly seven years doing lebanon's civil war. he was 76. he was cheap middle east correspondent for the associated press news agency when he was adopted in beirut in 1985, he died at his home in new

york after complications from heart surgery. now time for the weather. hello there. many of us enjoyed some drier, sunnier weather this weekend, but it was on the chilly side and it's set to remain chilly for the time of year for the rest of this week. with most of the cloud across northern and eastern parts of the uk, best of the sunshine will be across more sheltered western areas. it's because high pressure is sitting out to the west of the uk and that's bringing northerly winds across the country, feeding in thicker cloud off the north sea. and you can see that cooler air, how it continues to move southwards across the country with the milder air kept at bay towards the south of the uk. we've also got a couple of weather fronts around, that's brought thicker cloud with outbreaks of rain across large parts of england, eastern wales. best of any brightness i think towards the southeast and western scotland. northern ireland doing pretty well. top temperatures, 16 degrees in glasgow. otherwise, it's a chilly feeling day for most, particularly when you're under that cloud and close

to the north sea coast. through tonight it stays rather cloudy with the rain pushing its way southwards. clearer spells towards the north and the west. it's here where we'll see actually the lowest temperatures, touch of frost in places, generally 3 to 6 degrees where we have thicker cloud, but it stays quite breezy close to north sea coast. for tuesday, the,n high pressure still sticking out towards the west. this weather front bringing thicker cloud with some spots of rain to eastern and southern parts of england. 0therwise, elsewhere, further north west, we could see more sunshine around what we've had today. pretty pleasant, certainly for the central belt of scotland. glasgow, again, probably seeing the highest of the temperatures around 16 or 17 degrees, 6 to 9 degrees along north sea coasts, an onshore breeze feeling cold, around 11 degrees in the capital there with thicker cloud and a few spots of rain. wednesday promises to be a largely dry day again, maybe more cloud in the mix, the thickest of it towards northern and eastern areas where there could be the odd shower at times, drier with the best of the brightness further west. temperatures in glasgow around 13 or 14 degrees,

but still chilly elsewhere for this time in april. little change as we push towards the end of the week. we're in between weather systems, could see increasing chance of showers. this area of low pressure, which skirts past the west and the southwest, could bring some rain or showers to the far southwest. these could change, but it does look like it's going to stay a little bit more unsettled as we head into the weekend, perhaps a bit warmer in the south.

live from london, this is bbc news. 0pening statements get under way at donald trump's historic criminal trial in new york. the former president denies falsifying accounts to hide hush—money payments to porn star stormy daniels. these are joe biden trials. this is done as election interference. _ everybody knows it. i'm here instead of being able to be in pennsylvania - and georgia, and lots of other places campaigning. - prime minister rishi sunak says the first flight carrying asylum seekers to rwanda will leave within the next three months. we will be live in westminster and kigali — for the latest. and the news presenter

huw edwards announces he's left the bbc, on medical advice. hello, i'm lewis vaugthones, welcome to verified live — let welcome to verified live — me show you the live fe new let me show you the live feed now in new york, the court has just taken a very short ten minute recess, but what we've heard so far, we've outlined the opening statement from the prosecution basically saying donald trump is accused of trying to cover up hush money payments to stormy daniels just before he won the 2016 election, and since then we've just started hearing from his defence