forward to getting back to his family and his work in the uk. it's a stunning reversal for mr lynch, who has been involved in legal battles over autonomy�*ssale for more than a decade. he and autonomy�*s former finance chief lost a civil trial in the uk two years ago, which also focused on allegations that they inflated autonomy�*s revenue before the sale to hewlett—packard in 2011. workers at samsung electronics are going on strike today for the first time in the company's history. a union representing about 20% of the workforce has called the one—day protest over pay and holidays. the company is one of the world's largest maker of smartphones. mark newman is founder of an investment firm and worked at samsung for six years. he told me about what impact the strike is likely to have. i think most likely there won't be any impact. it is a fifth of the workforce. in fact, what is quite different about this is it is not a strike as we would normally expect it in the west as employees are using their vacation to take today off, so it's not like a strike like we would normally mention it in the west. however, a large portion of the employees are planning to take this together. i would expect this has been well telegraphed and well planned out and so the company would have been able to arrange and organise a production around this, just like they do around holidays. indeed, yesterday was actually a holiday in korea, and so the company keeps going on in producing chips and phones, so i doubt it will have any impact, but that will be the only thing we're looking out for today. you worked at samsung before yourself, so give us a sense of the working conditions, the working culture notjust in samsung, but in south korea in general. how common is this type of action? it is fairly uncommon. for samsung, it is the first—ever. as you know, the union was set up 2020. before then, there was no union. when i worked in samsung, there was no union. it is a very hard—working company, employees work very hard, and used to work very, very long hours. these days, actually, the company is becoming much, much more lenient and hours are not as severe as what they used to be from what i hear, so actually conditions are improving quite a lot compared to say ten, 15 years ago. a british woman who claims a character in the netflix show baby reindeer was based on her, is suing the company. fiona harvey is seeking $170 million from the streaming giant for defamation and emotional distress. the bbc�*s will vernon in washington dc explains what the lawsuit is about, and whether she has a case. this is all centred around one phrase right at the beginning of episode one of baby reindeer that says "this is a true storycut. and at the story in question is about a violent stalker called martha who assaults and harasses the protagonists of the film who is a comedian and barman and london. the woman in question, martha in the series, was very quickly identified by people who were watching the series. they basically cross—reference the details from the show and managed to track her down on social media. she is fiona harvey, a scottish lawyer living in london, that she admitted that she was indeed are the inspiration behind this character. now, in the lawsuit, she says that the way she is depicted in the show is defamatory, she denies assault, she denies stalking too. i spoke to her lawyer a little earlier and he said he has incontrovertible documentary evidence that proves that fiona harvey has never be convicted of any crime in the uk. that would contradict the claim in the series that martha, this character, received a 11.5 year prison sentence for stocking. and they also allege any lawsuit she has suffered emotional distress from this, that she has received death threats and she is now too scared to leave her house. you and you can read more about that lawsuit and the netflix show in question on our website — bbc news.com. plenty more on that story and all the stories we've been covering on the news channel. shares in gamestop have surged nearly 50% after stock influencer roaring kitty scheduled a livestream later today. the video game company's stock has been volatile after the influencer made a return of sorts to social media after three years away. gill was a key player in the 2021 rally of gamestop and other so—called meme stocks. for the first time in five years, the european central bank has cut interest rates. the move was widely expected, with inflation easing in the 20 european countries that use the euro. the pandemic and russia's invasion of ukraine had a big impact on those eurozone nations, driving up the cost of everything from food to energy. daniel murray, chief executive of efg asset management switzerland, told me about how asian central banks are likely to react. i think the situation in asia is very interesting. 0bviously, different situations depending on which country you're looking at. the monetary authority of singapore, for example, they unusually don't set policy by interest rates but use currency as the moetary tool and that they are very happy to continue to let the currency strengthen gently and that in effect represents monetary tightening. the bank ofjapan famously hikes rates for the first time in... since 2005, just recently. and is expected to gently tighten policy as the year progresses, although it's not so certain. and then we have, of course, the bank which would have been hoped they would loosen more already. while they have done certain measures to try to support the housing market and support the economy generally, they have probably done less than some people had hoped for. it's quite a different outlook in asia depending on which country you are looking at. in the coming hours, we'll also get a rate decision from india's central bank. it's widely expected to keep the cost of borrowing on hold. the announcement comes against the backdrop of narendra modi's bjp—led alliance securing a narrower—than—expected election victory, which may slow economic reforms. archana shukla has more from mumbai. higherfood prices, a robust economic growth, and a new coalition government still under formation. there's reasons aplenty why economists feel india's central bank will leave the interest rates unchanged for eight consecutive times and cuts pushed to much later in the year. now, while inflation has eased, it was still 4.83% in april, mostly driven by stubbornly high prices of cereals, spices and vegetables. keeping inflation higher than rbi�*s stated target of 4%, which is needed to pivot to a rate cut. and the rbi doesn't have compulsions, too, like other global central banks, such as in europe and canada, that are dealing with slower economic growth and have moved on to cut rates as inflation eased. india reported an 8% plus economic expansion in the last fiscal. projections are it will grow at near 7% in the coming quarters, giving rbi enough room. besides, the new government is yet to take over, likely led by mr narendra modi in a rare third term. but his party will need allies to form the government. now, larger reforms are expected to slow down, and economists feel an alliance could push the government to spend more on welfare programmes, risking its promise of reducing the fiscal deficit. rbi's views on the new government and its fiscal policy in the upcoming budget will be crucial to watch out for. elon musk�*s spacex rocket has made its first successful test flight after three previous attempts ended in failure. the—65 minute flight wasn't without drama, however, as an on—board camera showed many protective tiles peeled off before the starship splashed down in the indian ocean. it comes a day after boeing's starliner capsule completed its first flight to the international space station. competition really heating up between those space companies. a reminder of our top story. british tech tycoon mike lynch has been cleared of fraud charges he faced in the united states. the charges related to the $11 billion sale of his software firm to hewlett—packard in 2011. a jury in san francisco found him not guilty on all counts in what's being described as a stunning victory for mr lynch. he'd been accused of inflating the value of his firm, autonomy, ahead of its sale. and that's it for this edition of business today. thanks for watching. hello there and welcome along to sports day. i'm gavin ramjaun. super states — the usa make it two wins out of two at cricket's t20 world cup with a stunning super over victory against pakistan. world number one iga swiatek will aim for a third consecutive french open title when she plays italy's jasmine paolini on saturday. and missing the cuts — grealish, maddison and maguire are among seven players left out of england's final euro 2024 squad. hello there and welcome along to the programme. we're only a few days into the t20 cricket world cup, but we could be looking at one of the shocks of the tournament after the co—hosts, the usa, stunned pakistan after the match went to a dramatic super over. the hosts set the tone from the off — steven taylor, taking this superb catch as they restricted pakistan to 159 for seven in their innings. and the chase went all the way to the final ball. nitish kumar hitting a boundary to take the game to the super over, much to pakistan's frustration. and the usa went on to successfully defend 18 to win their second game of the tournament and spark wild celebrations here in dallas. we are not worried about what people are saying.
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