thenjust 4.5 hour top deliberations, a jury convicted sam bankman—fried of fraud and conspiracy charges, likely dealing him are lifetime prison sentence. a warning was given at all would—be fraudsters that could be hurt as the particular warning for other fraudsters operating in the crypto sector. it fraudsters operating in the crypto sector. , ., fraudsters operating in the crypto sector. , . . fraudsters operating in the crypto sector. , ., ., ., sector. it is also a message, a warnin: sector. it is also a message, a warning this — sector. it is also a message, a warning this case, _ sector. it is also a message, a warning this case, to - sector. it is also a message, a warning this case, to every - sector. it is also a message, a i warning this case, to every single fraudster out there who thinks that they are untouchable, or that their crimes are too complex for us to catch. or that they are too powerful for us to prosecute. or that they could try to talk their way out of a when they get caught.— when they get caught. while the prosecution _ when they get caught. while the prosecution presented _ when they get caught. while the prosecution presented sam - prosecution presented sam bankman—fried's case as from plain and simple, sam bankman—fried position at the top of the crypto world means estate will have resonance for the entire crypto industry. resonance for the entire crypto indust . ~ . i, ., industry. well, the wider crypto industry. well, the wider crypto industry is _ industry. well, the wider crypto industry is still _ industry. well, the wider crypto industry is still looking - industry. well, the wider crypto industry is still looking for- industry is still looking for regulatory certainty. in the uk there — regulatory certainty. in the uk there is— regulatory certainty. in the uk there is a _ regulatory certainty. in the uk there is a lot more that is on the way, _ there is a lot more that is on the way, but — there is a lot more that is on the way, but in — there is a lot more that is on the way, but in the uk there is a lot of still to— way, but in the uk there is a lot of still to come — way, but in the uk there is a lot of still to come for legitimate actors in the _ still to come for legitimate actors in the space. it is important to distinguish between legitimate companies and companies like ftx, that was— companies and companies like ftx, that was involved in fraud. the la er that was involved in fraud. the lawyer for _ that was involved in fraud. the lawyer for sam _ that was involved in fraud. lie: lawyer for sam bankman—fried said that was involved in fraud. ire: lawyer for sam bankman—fried said we respect the �*s decision that we are very disappointed by the result. let's speak now to russ mould, investment director at aj bell. what is the reaction bring to this in the crypto industry?— what is the reaction bring to this in the crypto industry? well, a lot ofthe in the crypto industry? well, a lot of the damage — in the crypto industry? well, a lot of the damage had _ in the crypto industry? well, a lot of the damage had been - in the crypto industry? well, a lot of the damage had been done, i in the crypto industry? well, a lot of the damage had been done, $3 billion worth of money has already been shrunk down to $1.3 billion in three different crypto companies. intriguingly, since ftx failed to price of bitcoin is about 50% or 60%, so dedicated crypto fans may feel like some of the less legitimate organisations have been swept out of the way and there is still a legitimate monetary prospect that —— propositioned there. regulators are debating if that should more regulations. in the uk yesterday, the heads said that he doesn't think it should be more regulation as it gives them legitimacy which he does not think they deserve. irefill legitimacy which he does not think they deserve-— legitimacy which he does not think they deserve. will the debate raged about more legislation, _ they deserve. will the debate raged about more legislation, do - they deserve. will the debate raged about more legislation, do you - they deserve. will the debate raged| about more legislation, do you think there will be more? i about more legislation, do you think there will be more?— there will be more? i think there will be more. _ there will be more? i think there will be more. in _ there will be more? i think there will be more. in the _ there will be more? i think there will be more. in the us- there will be more? i think there will be more. in the us there - there will be more? i think there will be more. in the us there is. will be more. in the us there is still an legal wrangle about if it meets a key test on what an investment contract with ace. crypto council say it is money, it is not necessarily an investment and as an investment it has not been that great, it has been very volatile. is it a unit of account? probably. can you it a unit of account? probably. can y°u pay it a unit of account? probably. can you pay your taxes with it? definitely not. is it still a pretty niche market for investors? it niche market for investors? it sounds like a lot of money as the crypto universe, buts i think it is still a pretty niche area and given some of the hag —— allegations we have seen, i think that is why many investors still keep fighting shy of it. do you think it has peaked? i would be very tough to get back evaluation of $3 trillion from a couple of years ago unless there is a major and unless central banks go mad and stop printing money again because that is the reason why many people moved to crypto in the first place. let's stay in the us because the world's most valuable company apple has been worrying investors. wall street was hoping the new iphone 15 would deliver but apple's sales forecasts for the vital holiday season have disappointed. they come as the tech giant reported another quarter of falling revenues, as consumers tighten their belts. michelle fleury has been going through the numbers. apple sales drop the world's most valuable company by market value reported revenue of $89.5 billion for the three months to the end of september, down 1% from a year ago. now, this is the fourth consecutive quarter of year over year sales declines. there was a big drop in sales of its hardware products, especially macs and ipads, and the market in china, well, that remains shaky, revenue was down two and a half percent from a year ago. apple faces renewed competition from chinese phone maker huawei. still, it did manage to sell more smartphones. sales increased 2% from last year. that was slightly better than wall street was expecting. the standout, though, was its services business, which includes apple pay, apple tv and apple news. revenue surpassed $22 billion for the first time, an impressive figure, but still less than half what the company makes from selling smartphones. primary schools across the indian capital, delhi, have been shut as a grey, polluting smog engulfs the city. the chief minister, arvind kejriwal, said they would be shut for two days. the air quality index has fallen into the �*severe' category in several parts of delhi, one of the most polluted cities in the world. let's speak now to our india business reporter nikhil inamdar. what are conditions like in delhi and in other cities impacted by this small? ~ , , , small? well, pretty terrible conditions. _ small? well, pretty terrible conditions. in _ small? well, pretty terrible conditions. in fact, - small? well, pretty terrible conditions. in fact, things l small? well, pretty terrible| conditions. in fact, things in mumbai only marginally better than they are in delhi. both of these cities now essentially part of those global list that you save cities with the worst air quality. eventually, what this has done, really, is that more and more people are off sick, many more people than usual visiting the hospitals. in delhi, for instance, the air quality index has now topped 400. just to give you a sense, anything between 0-50 is give you a sense, anything between 0—50 is considered good, and the air quality in delhi is now 100 times worse than what is permissible by the who. the government are worried about this. they have called an emergency meeting to review the situation. delhi's environment minister, we might see more curbs introduced in the national capital. what impact is this having on businesses?— what impact is this having on businesses? , ,, ,. ., , what impact is this having on businesses? , ,, _ ., businesses? businesses certainly are likel to be businesses? businesses certainly are likely to be impacted. _ businesses? businesses certainly are likely to be impacted. primary - likely to be impacted. primary schools in delhi have been shut down for two days. there has also been a halt to nonessential construction activity. car restrictions are in place. the government essentially encouraging people to use more public transport. they have also been encouraged to stay at home and wear masks when going out. what this does is it hits consumer sentiment particularly at a time when we are gearing up for the festival of diwali, when people will be out and about shopping, spending money on things like clothes and sweets and luncheons, and certainly this sort of air quality coinciding with the big festive season when typically there is a lot of spending that happens, will impact businesses. harper happens, will impact businesses. how are --eole happens, will impact businesses. how are people reacting given there are these periodic massive rises in the low quality of the air quality? they happen more and more regularly, don't they?— happen more and more regularly, don'tthe ? ~ , , ., don't they? absolutely. this has now become a recurring _ don't they? absolutely. this has now become a recurring phenomena - don't they? absolutely. this has now become a recurring phenomena in i don't they? absolutely. this has now| become a recurring phenomena in the capital, particularly. it also now in cities like mumbai and in other parts of india. there is a sense of resignation with people, because they are expecting this every november. despite a lot of the measures that the government seems to be announcing every year, including for instance halts on stubble burning, which is what happens in the neighbouring region, it is not an issue that the government is able to solve. that certainly is a cause for worry for people. it is also the time of year when a lot more people start falling sick and that certainly is not a good thing. the world's second largest container shipping company, maersk, has announced that it will cut 10,000 jobs as it faces lower freight rates and subdued demand for container shipping. the danish group said it aimed to reduce its workforce from 110,000 to below 100,000, a move that would generate annual savings of $600 million. peter sand is chief analyst at the shipping analytic company xeneta. he says it is a challenging time in the shipping industry. maersk, like any other major liner in the global logistics industry, is really facing a turnaround, a full reset in terms of revenue and profits from one year on where we had container shipping rates and long term rates basically peaking. similar data show that that those sales prices, those freight rates are now down by 80% to 90%. so that's an adjustment also to the future ahead where demand will be under siege. as we just heard from many other companies, the cost of living crisis also takes its bite into container shipping demand. and we're facing two more years of massive inflow of new ships. so basically the fundamentals are stacked against the carriers. in other news, global food prices continue to drop, but at a slower pace, according to the un's food and agriculture organisation. prices forsugar, cereal, vegetable oil and meat were down, while dairy products went up in price. the un food price index fell 0.5% in october from september to 120.6 points, its lowest level since march 2021. ticketmaster's parent company, live nation entertainment, has reported its strongest results everfollowing massive sell—outs at taylor swift and beyonce concerts. revenue for the company in thejuly to september quarterjumped more than 30% from a year ago, a majority of that coming from ticket and merchandising sales for their live concert events. the boss of the streaming service hbo has apologised for asking employees to set up fake social media accounts to hit back at tv critics. casey bloys's apology comes after a rolling stone report alleging the ceo had sent text messages discussing what he called a "secret army" to respond to negative reviews. i will be back a little bit later with more. this is done, name to mark a new era of uk technology. it is the country's fastest air tastes supercomputer. you can barely hear yourself thinking here. this is 95 decibels of noise. you have to wear earplugs for safety. that is the sound of the system that cools this computer. it has 7,000 processors in here calculating 19 million million calculations per second. with; here calculating 19 million million calculations per second.— here calculating 19 million million calculations per second. why do we need it? without _ calculations per second. why do we need it? without the _ calculations per second. why do we need it? without the ai _ calculations per second. why do we need it? without the ai capability, | need it? without the ai capability, science is held back. cancer research is driven by huge amounts of data and we just can process it. with machines like researchers can process a hundred times more data. with climate change, we have been struggling _ with climate change, we have been struggling in the uk to come up with the computer capacity we need to tackle _ the computer capacity we need to tackle the — the computer capacity we need to tackle the data. we have huge amounts — tackle the data. we have huge amounts of data and rebuild those together— amounts of data and rebuild those together and we look for insights based _ together and we look for insights based on — together and we look for insights based on neural networks. the government — based on neural networks. the government has _ based on neural networks. iie: government has invested £900 million on this project. this isjust phase one. critics argue it is not enough to keep up with silicon valley companies. hello, this is your update from the bbc sport centre. afghanistan are looking to further cement their semifinal credentials at the cricket world cup in india. they're taking on strugglers the netherlands in lucknow. the netherlands will be hoping for some luck when its turn with the ball — they've finished 179 all out sybrand engelbrecht run out for 58 off 86 balls. afghanistan have been the surprise package of this year's tournament with wins against england, pakistan and sri lanka so far. it's different story for england — the holders are bottom of the table courtesy of their net run rate. they're effectively out, after five defeats in six matches and face australia on saturday — the champions demise a position few would have predicted, coming into the tournament. a little bit surprised. they have performed pretty well in these kind of treatments over the last few years. a bit surprised. in terms of what has got wrong, i don't know, it is probably not for me to say. these tournaments are pretty fickle. you say 10t20 tournaments around the world, sometimes the best —looking teams don't start off well and then find it hard gain ground.

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