Monopolised markets across the Life Contrast Industry for far too long Life Contrast Industry for far too long live concert. Life contrast industry for far too long live concert. Live Nation Centre too long live concert. Live Nation Centre breakup too long live concert. Le Nation Centre break up would mean lower prices or fees for fans. For more on the story, do head over to our website, bbc. Com, where we have more analysis on this story. We are keeping a close eye on the unrest in New Caledonia, where french president macron has wrapped up his 24 hour visit to the territory. After a whirlwind day, macron pledged not to force through a controversial voting reform in the territory after weeks of deadly rioting. Meanwhile, New Caledonia is also one of the worlds leading producers of nickel, used in products like electric vehicles. It accounts for 6 of global supply, according to Commodities Research firm cru. Recent disruptions sent nickel prices to a nine month high on the London Metal Exchange before easing back. I spoke to angela durrant, a principal analyst at cru, and asked herfor her outlook for the nickel industry given this backdrop. We would suggest that nickel prices have moved ahead. We have been an oversupply for the last couple of years with a very large surplus last year. While we expected to calm down quite radically this year, we are still very much in oversupply market, and this is very much around the introduction of the emergence of indonesia as a powerhouse in this sector. What is happening in New Caledonia is really driving sentiment, so its among a few other things that have happened in the market this year, certain closures and operations. Supply is becoming tighter, also russian material being removed from the ome in april. And now this unrest in New Caledonia. New caledonia. Tell us a bit more about New Caledonia. Tell us a bit more about the New Caledonia. Tell us a bit more about the impact New Caledonia. Tell us a bit more about the impact this | New Caledonia. Tell us a bit. More about the impact this has had on companies. More about the impact this has had on companies. New caledonia sits in a very had on companies. New caledonia sits in a very difficult sits in a very difficult position and has done some time. We saw in february glenn cor, one of the major shareholders, decided to remove itself from, or place the care and maintenance. Priorto itself from, or place the care and maintenance. Prior to the unrest, theres been difficulty because the operation there is high cost. That really contributes to these operations sitting at the high end of the cost curve. It was a difficult situation prior to the unrest. The french president is there now. What are you looking out for in the strip . For in the strip . Weve already seen today for in the strip . Weve already seen today hes for in the strip . Weve already seen today hes been for in the strip . Weve already seen today hes been able for in the strip . Weve already seen today hes been able to i seen today hes been able to create some column by indicating that the education would be not going ahead in the stage without further consultation create some calm. If this can calm the situation, i think all the producers will breathe a sigh of relief and hope to get back to more Business As Usual approaches. We will certainly be watching avidly for that and any restriction on supply. Speaking of evs, tesla boss elon musk has spoken out against the biden administrations tariffs on chinese electric vehicles. Musk says hes not in favour of these measures as they will distort an already competitive market. The us tariffs, which are meant to stop cheap chinese evs from flooding the american market, are set to take effect on the 1st of august. You may have heard of formula i but another motorsports event featuring electric cars, formula e, is making a return to china this weekend. It says the latest generation of the evs are capable of being quicker than fi cars that run on fuel. While the event draws fewer audiences than fi, its fan base is growing significantly thats according to formula e chief executivejeff dodds. Hejoins us now from shanghai. Just to clear this up, how quick are we talking about we talk about formula e cars . Morning, steve. Greetings from shanghai. Theres two ways of talking about speed. There is a top speed, over 200 talking about speed. There is a top speed, over200 mph, but where we really benefit is in acceleration. The acceleration of the car, weve Just Launched in monaco, will get us to 100 km an hour injust over 1. 8 seconds, which is about 30 faster. , seconds, which is about 3096 faster. ,. , faster. That is incredible. I could just faster. That is incredible. I could just imagine faster. That is incredible. I could just imagine the faster. That is incredible. I could just imagine the g l could just imagine the g g force involved. Formula e is returning for the First Time Since the pandemic. How has it been growing . Been growing . Were in our tenth anniversary been growing . Were in our tenth anniversary year been growing . Were in our tenth anniversary year here | been growing . Were in our tenth anniversary year here and actually, our very first race was in china, in beijing in 2014. Its great to be back here in china in shanghai. If you think about where we started, we were very much a started, we were very much a start on business back in 2014 window fan base. As we had to china this year, we have around 400 million fans now around the world, between 20 30 every year. World, between 203096 every ear. , ~ ,. ,. , year. How keen is china for the urowth year. How keen is china for the growth of year. How keen is china for the growth of this year. How keen is china for the growth of this sport . Year. How keen is china for the growth of this sport . China growth of this sport . China alwa s growth of this sport . China always is growth of this sport . China always is a growth of this sport . China always is a massive growth of this sport . Chinaj always is a massive Market Growth of this sport . China i always is a massive market by population, but two other key things over here, the number of manufacturers and oems coming out of china and the most prominent manufacturers around the world. I talked about having 400 million fans around the world. They actually have in excess of 100 million here in excess of 100 million here in china. , in excess of 100 million here in china in china. How do you see formula in china. How do you see formula e in china. How do you see formula e competing in china. How do you see l formula e competing when in china. How do you see formula e competing when it comes to the attention . Very different sports. Comes to the attention . Very different sports. Formula comes to the attention . Very different sports. Formula 1 i comes to the attention . Very different sports. Formula 1 is| different sports. Formula 1 is about 71 years old, formula e, only ten years old. Were also quite different. In terms of the competitive nature, if youre a formula 1 fan, were about seven races into the season. We find Max Verstappen winning five races in formula e, and were races, and were ten races in formula e. Obviously, were raising electric vehicles, not Combustion Engine vehicles. Weve been net zero from day zero, rated number one est sports in the world. Were actually quite different propositions. Actually quite different propositions. Just quickly, what do you propositions. Just quickly, what do you think propositions. Just quickly, what do you think will propositions. Just quickly, what do you think will be l propositions. Just quickly, i what do you think will be the key to success Going Forward . We had the tailwind of electrification. Im sitting here from shanghai, where four out of every ten sold are electric, and we know most governments around the world have now chosen electric vehicles is their way of decarbonising road treadmill. Without this incredible weve had this incredible transformation. If you look at our fan base, transformation. If you look at ourfan base, around 50 transformation. If you look at our fan base, around 50 around the world are women, about 50 under the age of 40, and most of them focused on technology and environmental concerns. We actually have quite a different fan base. I think if we ride tailwind, continue to build that fan base it and put on this incredible spectacle, i would like to think our road will continue. Would like to think our road will continue. ,. Will continue. Thanks very much for speaking will continue. Thanks very much for speaking to will continue. Thanks very much for speaking to us will continue. Thanks very much for speaking to us today, will continue. Thanks very much for speaking to us today, jeff i for speaking to us today, jeff dodds. Turning to india, where latest data shows Business Activity expanded sharply in may, helped by growth in the services sector. Exports and jobs also grew at a rapid pace, signalling strong optimism in asias Third Largest economy. Our India Business correspondent has more. Our India Business corresondent has more. � , correspondent has more. Theres aood correspondent has more. Theres good news. Correspondent has more. Theres good news, literally correspondent has more. Theres good news, literally pouring correspondent has more. Theres good news, literally pouring in i good news, literally pouring in with both services and Manufacturing Activity expanding for the 34th straight month, according to the latest pmi data. The reading was the strongest in 14 years. The private sector jobs also strongest in 14 years. The private sectorjobs also grew the sharpest in nearly 18 years of companies ramped up their staffing. Strong demand has led to indias exports expanding at the fastest pace in 2014. Business confidence for the coming year among full services meanwhile is the highest in several year. Meanwhile is the highest in severalyear. However meanwhile is the highest in several year. However higher cost have led to profits coming under pressure for both manufacturers as well as service companies. All eyes are now on indias the data that will be released next week. Growth is expected to come at about 7 levels and Financial Year 2023, allowing the country to retain its position as the Fastest Growing major economy in the world. Fastest growing maor economy in the world. In the world. Thats it for this addition. In the world. Thats it for this addition. Ill in the world. Thats it for this addition. Ill see in the world. Thats it for this addition. Ill see youj this addition. Ill see you again soon. Hello. Here with the the catch up the general election is under way, a Stage Collapse in mexico and an iconic dog. Today is the first day of a long six weeks for politicians, as rishi sunak and keir starmer hit the road for the start of their Election Campaigns. Sunak already got caught out in wales trying to create hype for the euros tournament, which the country failed to qualify for. In westminster, its looking like a ban on smoking for anyone born after 2009 may get dropped after all. Thats because parliament is going to be suspended tomorrow for the campaign and all legislation that isnt already past automatically gets dropped. That isnt already passed automatically gets dropped. Thats regardless of who wins. Some other stories now and at least nine people have been killed and about 50 others injured after part of a Stage Collapsed at an Election Campaign rally in northern mexico. This partial collapse was due to sudden gusts of wind. Next, cassie has posted her first statement since Video Footage emerged showing Sean Diddy Combs attacking her. She said Domestic Violence broke down to someone that she never thought would become. He apologised, saying he was disgusted as what he did. Jeremy corbyn is expected to stand as an independent in islington. He was kicked out of the party in a 2020 over his response to a report on anti semitism. Time now to leave you with ten seconds of the dog, as the star of the show at the cannes film festival. He knows how to work a red carpet. Just look at him. Can we appreciate those moves, we reckon he is blocking it better than at some of the celebrities quite possibly. Youre all caught up now, see you later. Hello and welcome to sportsday. Im Lizzie Greenwood hughes. Here are the headlines. West hams Lucas Paquetar is charged by the fa over allegations of trying to intentionally receive cards to influence betting markets. We speak to the england and Manchester CityStar Phil Foden about his incredible season and the build up to the euros. And luke littler throws the perfect Nine Dart Checkout on his way to becoming the Premier League champion. Welcome to the programme, and were starting with news that the west ham midfielder Lucas Paqueta has been charged with misconduct by the fa in relation to alleged betting rule breaches. It relates to four games over an 18 month period, where its alleged paqueta deliberately tried to get a card from the referee in order to influence betting markets. The brazilian has until the third ofjune to provide a response, although hes already publicly denied any wrongdoing