we start in the us, where the british tech tycoon mike lynch has been cleared of fraud charges in a san francisco court. once hailed as a uk bill gates, mr lynch was facing fraud charges over the $11 billion sale of his software firm, autonomy, to hewlett—packard back in 2011. mr lynch had been accused of inflating the value of his firm ahead of the sale — a jury has found him not guilty on all counts. our north america business correspondent erin delmore has the details. when autonomy was sold to hewlett—packard 13 years ago for $11.1 billion, it was one of the top—100 public companies in the uk. the sale marked the la rgest—ever takeover of a british technology business. but hewlett—packard later wrote down the company's value by more than $8 billion, leading to criminal charges that mike lynch had defrauded hewlett—packard by inflating the value of autonomy. the businessman was extradited from britain to the united states to stand trial on the charges, which could have put him in prison for 25 years. now, after two days of deliberations by a jury in san francisco, he's been found not guilty on all counts. mr lynch said he is elated with today's verdict, and grateful to the jury for their attention to the facts. he thanked his legal team, and he said he was looking 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�*s sale 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. staying in the us, and to the economy now as it's a big day for markets awaiting the latestjobs data due out later. it's a chance for investors to gauge the strength of the economy and how that could feed into the central bank — the federal reserve�*s — next big call on interest rates. they meet next week and are widely expected to keep the cost of borrowing on hold. currently sitting at a 23—year high of 5.25% to 5.5%. but it's all about when — and by how much — that may change. for more i'm joined by quasar elizundia, research strategist at brokers pepperstone. i wanted to start by getting your take on what you think might happen a little later on with payroll forecasts.- with payroll forecasts. thank ou for with payroll forecasts. thank you for having _ with payroll forecasts. thank you for having me _ with payroll forecasts. thank you for having me on. - with payroll forecasts. thank you for having me on. my . you for having me on. my expectations are in line with what the market expects, which is we will get to have another friend that is not too hot but not too weak. more likely than not too weak. more likely than not we will get one for the jobs creation around the month of may, 185,000 jobs. this jobs creation around the month of may, 185,000 jobs. of may, 185,000 “obs. this week we have — of may, 185,000 jobs. this week we have seen record _ of may, 185,000 jobs. this week we have seen record stuck - we have seen record stuck markets, cooling economy, rate decision next week. how has it all come together, how is it signalling what might happen next? i signalling what might happen next? ~ , next? i think definitely the markets are _ next? i think definitely the markets are taking - next? i think definitely the markets are taking into - markets are taking into consideration that rate cuts still on the horizon. that is definitely one of the factors that have been taking place and playing around this momentum we have been getting on the stock markets and hitting records. primarily that we have been getting from the risk—taking side that they are still on rate cuts on the horizon. the when it comes to some, hotter than expected. let's not forget how we got the pmi on the server side of things but on the other side we saw last week on the manufacturing side are prin that was significantly on the lower and expectations and especially getting into deeper contractionary territory so it is getting a bit complicated but naturally, given there are still rate cuts on the horizon, thatis still rate cuts on the horizon, that is pushing up the risk—taking side of things. the risk-taking side of things. the ecb and canada _ risk—taking side of things. the ecb and canada turning the tide on rate cuts, this mantra of keeping them higherfor on rate cuts, this mantra of keeping them higher for longer may be waning, do you think, and that may be playing on the mind of the fed. pare and that may be playing on the mind of the fed.— mind of the fed. are not necessarily. _ mind of the fed. are not necessarily. if— mind of the fed. are not necessarily. if anything l mind of the fed. are not. necessarily. if anything they were probably more dependent on what the fed is doing then the fed is trying to take from other central banks. if anything, they needed to proceed given that they were navigating their economy, their economies were navigating different terms which is why they forgot to get ahead in terms of rate cuts but i don't think that will have a play or a stake in what the fed will consider. let's also not forget inflationary pressures in the us are higher than in these other two economies. naturally that pushes back the expectations on when we can get to see a rate cut from the federal reserve.— federal reserve. quasar elizundia, _ federal reserve. quasar elizundia, thank - federal reserve. quasar elizundia, thank you - federal reserve. quasar elizundia, thank you so i federal reserve. quasar- elizundia, thank you so much. now, as we've been saying the markets in the us have been breaking records this week — with the tech giants at the fore. the likes of nvidia stealing the headlines as it become the second most valuable us public company — overtaking apple — breaking the $3 trillion market cap on wednesday. but it's a much smaller tech—ish firm that's also been making the news, as once again the meme stock gamestop's value has soared up over 40% in trading on thursday. so what's going on? market analyst craig erlam joins me now. why the sudden surge? it seems this has been _ why the sudden surge? it seems this has been driven _ why the sudden surge? it seems this has been driven by - why the sudden surge? it seems this has been driven by roaring l this has been driven by roaring kitty who has been synonymous with the moves we have seen in the past with these meme stocks, and he says he's going to do a live stream. the picture he tweeted less than a month ago, a man leaning forward, which initiated this latest rise, the first in a couple of years and now people are speculating about what he will talk about in this video, if he willjust be justifying his position in gamestop, maybe giving people a reason to do so or whether he will talk about other stocks he has become invested in a sense, and given what is happening with gamestop may people think this is an opportunity to get in early on the next meme stock move. this is about the _ the next meme stock move. this is about the real-life _ the next meme stock move. this is about the real—life video games retailer and the personality involved in selling these stocks is crucial rather than the business fundamentals. absolutely. a couple of years ago this initially started as a movement against short sellers, these traditional household names. gamestop was the first but there were things like amc, bed, bath and beyond and others and this was a movement against short sellers to stop them crushing these household names. it worked, the share price soared and short sellers were forced out and then it kind of went away for a couple of years. it seems indicative of a market that was maybe too hot, interest rates were very low, people may be had too much cash to spend, we have stimulus checks in the us which seem to contribute to it. now there is a sign there may be more to it, they mayjust be power in the social push, light groups, large numbers backing these household names and we will see, i guess later this week, just how much there is behind this, whether my people are looking to get involved and whether this will once again stretch beyond gamestop. you mentioned _ stretch beyond gamestop. you mentioned it _ stretch beyond gamestop. you mentioned it happened a while ago, in 2021, this push. there was a series of congressional hearings looking into the practice of brokers and gamy find retail trading. have there been changes brought since then, safeguards for people taking risks?— then, safeguards for people taking risks? they have been safeguards — taking risks? they have been safeguards brought - taking risks? they have been safeguards brought into - taking risks? they have been| safeguards brought into place but as you can find right now what it has done has been more on the broker side to try and maybe make this type of activity more difficult but again as we can already see, this is happening once more, it will draw a lot more attention on the space and where that more needs to be done but it may already discourage brokers from trading on these particular stocks. from trading on these particularstocks. i'm from trading on these particular stocks. i'm sure there are many looking at this now and making sure they are not overly exposed and putting their clients in a vulnerable position. we will see over the coming weeks just how important those hearings were and how forceful and how much they will ultimately be protected because already we have seen the gamestop stock price soar and plummet and now saw another 76% in the last couple of days. thank you very much, craig. to south korea now, where union members among workers at the tech giant samsung are on strike. it's the first strike in the company's history. the union is calling for extra leave and transparent bonuses. nick marsh has the details from our asia business hub. this is quite unusual, isn't it? ., , ., , it? yeah, it is at samsung. it is not unheard _ it? yeah, it is at samsung. it is not unheard of— it? yeah, it is at samsung. it is not unheard of to - it? yeah, it is at samsung. it is not unheard of to see - is not unheard of to see industrial disputes in south korea in general. there was disputes at hyundai, the long—running doctor strike, as well, but this is samsung electronics, the crown jewel of the samsung group in general. white feet of the business landscape in south korea. 0f landscape in south korea. of the whole economy, actually. you might even argue. for most of their history they have not allowed union representation, only for the first time it was allowed in 2020 and now you have this dispute over pay and bonuses, like you say, over this extra day of annual paid leave. they were not able to come to an agreement with bosses so the have asked their members to take pot not quite go on strike, take a day of paid leave today on friday. in terms of how many people have actually heeded this call, hard to say. the unions have said that the strike has obviously gone ahead stop the samsung bosses said that nowhere near 28,000 members represented by the union had decided to stay at home. we might get more details on that in the next few days, it is hard to say. in terms of the effect, well, the chip production, samsung electronics is all about, that has not been affected yet but don't forget this is day one of the strike and it has not yet been resolved. around the world and across the uk, this is bbc news. all to india now, where it's been quite a week for the world's biggest democracy. markets have been on a rollercoaster ride as prime minister narendra modi's bjp government failed to win the sweeping majority predicted at the start of the week. the shock outcome leaves mr modi set to form a government with the help of a coalition of smaller parties that may make it harderfor him to push through economic reforms. today the central bank has is due to make its latest call on the cost of borrowing which currently sits at 6.5%. 0ur correspondnet archana shukla has been there for all the drama and joins me now from mumbai. just take us through what happened this week and where market sentiment sits right now. ~ . . . market sentiment sits right now. ~ ., , , ., now. well, it has been a roller-coaster _ now. well, it has been a roller-coaster ride - now. well, it has been a roller-coaster ride for i now. well, it has been a. roller-coaster ride for the roller—coaster ride for the indian markets. we started with quite a big high on monday after post—poll predictions showed that prime minister modi's ruling party would have a thumping majority but they fed it was split and we can to the market. it crashed on tuesday, losing more than 6% on the benchmark. nearly $386 billion of money was lost in the markets just on one day, which meant that all the gains made this year were wiped out on a single day. after that, the markets have settled down, the markets have settled down, the shock element has gone away. there is a likelihood that the ruling alliance will come back to power with the help of the allies and prime minister modi will get a rare third term in power. like you pointed out, there are concerns that investors have, they are watching the health of the coalition government that next comes into power because that will define how fast india's economic growth progression moves and what would be the pace of economic reforms. some are tougher to go by. at the same pace as we saw in the first and second term of this ruling alliance. most economists feel india's inherent growth potential is very strong and will continue to grow. market investors are also bullish. the long run for the indian markets will be on the indian markets will be on the upward trajectory. the rate decisions coming in also show the strength of the indian economy. the strength of the indian economy-— the strength of the indian econom . , , ., economy. does the message from the voters at _ economy. does the message from the voters at least _ economy. does the message from the voters at least gave _ economy. does the message from the voters at least gave a - the voters at least gave a slightly different verdict on the strength of the economy? is there some sense that there is perhaps not as much trickle down as they would like? that certainly is — down as they would like? that certainly is a _ down as they would like? that certainly is a widening - certainly is a widening inequality, the inequality lab pointed out thatjust 1% of indians, rich indians hold about 80% of the country's wealth and that is a telling story of the widening inequality in the country, so while you have the prosperous centres were the apples and teslas of the world want to sell their products to the aspiring middle class and it has a higher purchasing power, but if you go on to the masses, and especially with the rising food prices and rising inflation in the last two years, it has been difficult for the larger masses. that prosperity has not trickle—down and that certainly has reflected. what is also not worked with the waters this time was rising unemployment, especially among educated youth. almost a quarter of those educated youth under 25 are unemployed. these were some of the concerns and that also shows that the buoyancy of the indian economy has not yet trickled down.— indian economy has not yet trickled down. archana shukla, thanks very _ trickled down. archana shukla, thanks very much. _ trickled down. archana shukla, thanks very much. speaking i trickled down. archana shukla, thanks very much. speaking to | thanks very much. speaking to us there from mumbai. from one election to another — this time south africa. parties have until the 16th ofjune to try and form some sort of coalition government after recent elections. but the country is facing a number of economic challenges — including high unemployment. the bbc�*s aaron heslehurst has been speaking to the finance spokesman for the democratic alliance which came second in the vote and asked him what the solution is. now, the reason why our unemployment is so high is obviously our economy is not growing, so we need to focus on the fundamental problems. we need to get our economy to grow. and the reason why it's not growing is that government is in the wrong place in our economy. it needs to build infrastructure. it needs to provide education and health care and social security and then get out of the way and let business thrive in south africa. that's the problem. government regulation has strangled business in our country, which obviously affects the tax rate. the other part of the problem is we have labour laws that are not working, but we're trying to find a way that will enable us to go forward without unravelling everything else. dion, the credit agency moody's, it's warned that any coalition will find it difficult to run the economy. and the head of south africa's biggest trade union — which is, of course, an important ally of the anc party — they told the sunday world newspaper it was firmly against an anc—led coalition that included what it called "the racist democratic alliance". so i've got to ask you, dion, do you think these differences can be can be overcome, and how important is that for south africa's economy? well, i think it always boils down to choices. now, everybody has a particular perspective in south africa, and the trade unions in particular do not like the da's economic policy because we believe it's necessary to rein back the public—sector wage bill. we need to rein back the strength of the trade unions in our economy. if economy doesn't grow, you don't have tax revenue, and you're unable to deliver services. i have lots of discussions with the minister of finance, and we both agree we have a growth problem. the anc does not believe that it has a spending problem — which it does do. so choices need to be made, because if we don't do that, what's going to happen is what you said — we'd end up with a bailout, we'll end up with an economy that doesn't grow. and, of course, heaven forbid, we might end up with violence that nobody wants. plenty of political horse trading expected in south africa. and you can see more of that interview and find out about more about the struggles of south africa's economy on talking business with aaron heslehurst this weekend right here on bbc news. 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. will vernon has the details. baby reindeer was a phenomenal success for netflix — one of its biggest shows this year. it depicts a violent stalker called martha, who harasses and assaults an aspiring comedian in london. and it claims that the whole story is true — "this is a true story" is the text written on the screen at the beginning of episode one. but now the woman who is widely believed to be the inspiration behind martha — fiona harvey — she's filed a lawsuit in california claiming that her depiction in the series is defamatory. and she says that that central claim that this is a true story is the biggest lie in television history, and she denies stalking and assault. i was talking to her lawyer, richard roth, a little earlier — he said that he has incontrovertible documentary evidence that his client has never been convicted of a crime in the uk. that would contradict a claim in the series that martha was given a four—and—a—half—year sentence in prison for stalking. and in that lawsuit, fiona harvey also claims that she suffered emotional distress as a result of the series, she says she received death threats and it ruined her life, and that the programme's makers made no attempt to disguise her identity. and speaking to the bbc a little earlier, fiona harvey said that she had no doubt that she would win her case. now, we haven't heard yet from netflix, but richard roth — he said that he expects the company's lawyers to deny any link, any connection whatsoever between fiona harvey and the characters in baby reindeer. but one thing netflix could do is they could refer to a note in the credits of the show — that says, "this programme is based on real events, however certain characters, names, incidents, locations and dialogue have been fictionalised for dramatic purposes." so netflix could try and use that. to the world's oceans now, as over 160 groups from around the globe will present an open letter to the un's food and agriculture 0rganisation today, demanding that carnivorous fish farms be excluded from its definition of "sustainable aquaculture". the move comes ahead of world 0ceans day tomorrow and will urge the united nations to re—evaluate its support of fish farms, where fish are fed fishmeal and oil extracted from wild fish — criticised for the negative impact they have on the environment. one of the people behind the move is eva douzinas — president of the environmental investors the rauch foundation. she'sjoining me from greece where they are studying industrial fish farming. is that an ocean behind you? yes, it is, and i have chosen this spot to help remind us of what we are trying to protect today on a world 0ceans day. why are a kind of risk fish finds such a bad thing? there are three _ finds such a bad thing? there are three key _ finds such a bad thing? there are three key reasons. - finds such a bad thing? there are three key reasons. just i are three key reasons. just like you mentioned, salmon, sea bream and sea bass need fed other fish and are consuming bream and sea bass need fed otherfish and are consuming up to 20% of our wild caught fish to 20% of our wild caught fish to preserve a smaller quantity of fish. it takes 1.2 kilos to produce one kilo of farmed fish . the second major region is pollution from immense amounts of fish faeces, excess food, chemicals are polluting areas where the fish farms are based so we are hurting communities both where the wild fish are taken for fish meal both where the wild fish are taken forfish meal and both where the wild fish are taken for fish meal and the communities where the fish finds are based right here in greece and in tasmania, scotland, chile and iceland, where communities are pushing back. . . . back. that is quite a statistic, _ back. that is quite a statistic, 1.2 - back. that is quite a statistic, 1.2 kilos i back. that is quite a statistic, 1.2 kilos of back. that is quite a - statistic, 1.2 kilos of wild fish to produce one kilo of farmed fish. is the stuff being used waste, is it part of the ecosystem that would not be used otherwise that they are being fed?— used otherwise that they are bein: fed? ., , being fed? that might be part ofthe being fed? that might be part of the story — being fed? that might be part of the story but _ being fed? that might be part of the story but investigative l of the story but investigative journalists have gone down and investigated the fish factories investigated the fish factories in west africa just as was done recently by feedback global and they show just by the norwegian salmon industry over 2 million tonnes of wild fish are being taken from west africa to feed the salmon industry in norway. you are sending this open letter to the un. what is it you want them to do about it? we want them to clarify the position on sustainable aquaculture. right now, the communications are very misleading. aquaculture is a very broad term, it refers to everything from seaweed farming to small scale bivalve farming to small scale bivalve farming to carnivorous fish farming. we are asking them to clearly define that sustainable aquaculture does not include carnivorous fish farming like salmon, sea bream and sea bass. if there is this need for protein around the world, what is the alternative solution? well, if that is the need, that carnivorous fish farming reduces protein in the world, doesn't increase it. they are using more protein to create less protein. there are many types of sustainable aquaculture, like seaweed farming and small scale bivalve farming and small scale bivalve farming and small scale bivalve farming and symbiotic rice paddy. what is happening in the global north, the farming of salmon, sea bream and sea bass is destroying... salmon, sea bream and sea bass is destroying. . ._ is destroying... sorry to cut ou is destroying... sorry to cut you off. _ is destroying... sorry to cut you off. we _ is destroying... sorry to cut you off, we are _ is destroying... sorry to cut you off, we are out - is destroying. .. sorry to cut you off, we are out of- is destroying... sorry to cutj you off, we are out of time, but thank you for coming on the show and sharing your message today and thank you to you for joining us, as well. hello there. all week the weather story has been stuck in repeat. it's been cool and showery to the far north—west — further south we've seen some sunshine and we had that on thursday, a maximum of 20 degrees with some sunny spells and lighter winds in london. but further north in shetland, a brisk west to north—westerly wind at times, sharp showers, just a maximum of ten celsius, 50 fahrenheit. now, we're going to see more widespread rain to start the day on friday with this weather front sinking its way south and east. it'll be clearing scotland during the morning rush hour, leaving a trail of sharp showers following on behind. there's our weather front moving out of aberdeenshire, across the scottish borders, leaving northern ireland as well. so there will be a little more in the way of drier, brighter weather for northern ireland as we go through the day. starting off fine and sunny once again across england and wales. the cloud will develop as we go into the afternoon. there'll be a few isolated showers ahead of that front, but the front will think its way steadily south and weaken as it moves into northern england and north wales. sunny spells, blustery showers accompanied by that brisk west wind in scotland making it feel once again disappointingly cool forjune — 11 to m celsius at the very best. highest values in the south and east once again, 19 or 20 celsius. so as this weather front continues to sink its way steadily south, the cooler air will always sit in place across scotland and perhaps northern fringes of northern ireland. with cloud sinking south to begin with on saturday morning we mightjust start off with double digits, but that means it is going to be a cloudy start across the midlands, stretching down into south wales with outbreaks of light showery rain. that will push its way into the south and east during the afternoon. sunny spells, blustery showers, particularly across north and west facing coasts, so stuck in a rut. and again, those temperatures, similar values to what we've seen all week, 11 to m celsius in the north, perhaps 17 or 18 in the south and east. don't expect that much in the way of significant change as we move into sunday. again, the wind direction, in fact, strengthening. more showers to come. high pressure is desperately trying to build, but it is going to keep us waiting, so no significant change for the second half of the weekend either. best of the sunshine likely for england and wales. good morning. welcome to breakfast with rogerjohnson and naga munchetty. 0ur headlines today... more people are joining the search for the presenter michael mosley who has gone missing while on holiday on a greek island. ahead of a bbc debate between the seven main parties in britain, prime minister rishi sunak denies accusations that he deliberately lied about labour's tax plans. scientists are trying to find the source of an e.coli outbreak that has seen 113 people fall sick across the uk. the shocking rise in mobile thefts. a phone is now stolen every ten minutes in london. i'll look at why banking apps are making your device a target for gangs. a week before scotland get the euros under way, a big call by the england boss, as gareth southgate, decides to leave one of his most talented players, jack grealish, at home. showers on the menu again today, particularly in the north of the country, and staying cool, and throughout this weekend. and the beginning of a new era — taylor swift plays her first uk date in the most lucrative concert tour in music history.