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If journalism is the first draft of history, what happens if that draft is flawed?
In 1999, four Russian apartment buildings were bombed.
Hundreds killed, but even now we still don't know for sure who did it.
It's a mystery that sparked chilling theories.
I'm Helena Merriman and in a new BBC series I'm talking to the reporters who first covered this story.
What did they miss the first time?
The History Bureau, Putin and the apartment bombs.
Listen on BBC.com or wherever you get your podcasts.
Snap cracks and agrees to settle a lawsuit in the United States out of court.
It's World Business Express from the BBC World Service.
I'm Gideon Long.
Plus a dispute between Elon Musk and Michael O'Leary, the boss of Europe's largest airline Ryanair, intensifies.
And Donald Trump has rowed back somewhat on his threat to take Greenland by force.
Markets have reacted positively.
We're going to start today by talking about social media, because Snap, the company that owns Snapchat, has agreed to settle a US lawsuit out of court with a teenage woman who accused it of impacting her mental health and leaving her addicted to the platform.
A trial will still go ahead anyway against Meta, ByteDance and Alphabet, who she also accuses, in a case that could have big implications for social media giants and their responsibilities to their users.
Anna Alcheck is a tech reporter for Business Insider.
So Snapchat just settled a pretty high profile lawsuit just days before it was supposed to go to trial in California.
And the case is part of a group of bellwether trials.
Basically a 19-year-old woman who's known as KGM is claiming Snapchat and other social media apps like TikTok and YouTube Meta design features and algorithms that encourage addictive use and contributed to her mental health issues.
And it represents cases from thousands of similar claims.
And those claims are also being leveled at Meta and at ByteDance and Alphabet, is that right?
Correct, yes.
And what are the potential implications of this, particularly if those companies lose?
So it could have pretty big implications.
The fact that Snapchat was able to settle though, is potentially a good sign for these other companies that they might follow the same path.
But there are going to be three cases.
So we're not exactly sure how each one of them will go.
But this is a good sign for the other companies as of right now.
But they could owe a lot in fines.
They could end up changing the way that their algorithms are designed.
So it could have pretty big implications for how social media operates, especially from what we know today, if it is proven to be addictive.
Now.
It started off as a fairly mundane disagreement over installing Wi-Fi on planes, but it's escalated into a very public spat between two of the most outspoken men in the business world Tesla's Elon Musk and Michael O'Leary, the boss of Europe's largest airline, Ryanair.
On the face of it, it's an argument about whether Ryanair should install Musk's Starlink Wi-Fi system on its aircraft.
But it's got personal.
Here's Michael O'Leary speaking at a news conference in Dublin a few hours ago.
We have been in discussion with Starlink, his satellite system, for about over 12 months now.
It is a very good system.
The problem is, if you put it on board aircraft, there is a cost of that of about 250 million a year, including the cost of installation.
And then the fuel drag, you have to put not one but two aerials on top of the aircraft fuselage.
That will have a between 1% to 2% fuel drag.
We spend about £55 billion a year on fuel and therefore it would increase our fuel bill by about £100 to £200 million.
The Starlink people believe that 90% of our passengers would happily pay for Wi-Fi access.
Our experience sadly tells us we think less than 10 of our passengers pay for this access and therefore we can't afford it to shoulder costs of between 150 or 250 million a year.
Elon Musk apparently took great umbrage and resorted to insulting me on X the weekend, calling me an idiot.
I think yesterday he also rounded on me and called me a, I think a.
All I would say to Elon Musk is he would have to join the back of a very very very, very long queue of people who already think I'm a, including my four teenage children.
But he's wrong on the fuel drag.
We noticed he was holding a poll about should he launch a bid for Ryanair.
We're a publicly owned company.
He's free to do so at any time.
But non-European citizens cannot own a majority of European airlines.
But if he wants to invest in Ryanair, we would think it's a very good investment, certainly a significantly better investment than the financial returns he's earning on X, and we want to thank him sincerely for the additional publicity.
Japan has restarted a reactor at the world's largest nuclear plant, nearly 15 years after the disaster at the Fukushima power plant.
It's part of a plan to reboot the country's nuclear industry, which was halted entirely after the meltdown of 2011.
Before the disaster, nuclear provided nearly 30% of Japan's electricity.
The country is hoping to get that figure back up to 20% by the year 2040.
Let's take a look at a few other stories.
I'm joined by Russ Mould, Investment Director at AJ Bell.
Russ, Netflix share price down a bit even though it issued fairly positive results yesterday.
What's happening?
Hello, Gideon.
Yes, you see the results were very good and the forecast for the coming year was also strong.
It's worries over the bid battle with Paramount Skydance for Warner Brothers Discovery that's weighing on the share price.
Netflix has changed the mix of its bids, so it's now all cash, not cash and shares.
That means there's more debt involved, and more debt means more risk, and more risk normally means a lower share price.
All other things being equal.
And also the markets don't prize acquisitive growth as highly as they prize organic growth, and they're also looking at the past history of Warner Brothers.
When it's been acquired, the buyers have generally ended up regretting it.
And luxury fashion brand Burberry, they had their results out this morning.
Pretty good.
And that was to do with China, right?
It was, particularly.
I mean Joshua Schulman, the relatively new boss, is looking to improve performance here.
Put a turnaround through.
And getting help from his core markets like China and Asia-Pacific is a huge, huge help for him.
A huge tailwind sales will go well and the company did say that generation z in particular have been embracing the brand.
Buying its traditional luxury british goods and that's a massive benefit to the firm should really help.
The turnaround shares up five and a half percent on the london exchange today.
That's around a two-year high.
Ross, stay with us.
Because in the last few hours, US President Donald Trump has been speaking at the World Economic Forum in Davos in Switzerland.
And he's once again insisted that the United States wants Greenland.
Although interestingly, this time and this might help calm some nerves around the world he has rowed back a little bit from his threat to take it by force.
Let's listen to a bit of what he had to say.
People thought I would use force.
I don't have to use force.
I don't want to use force.
I won't use force.
All the United States is asking for is a place called Greenland, where we already had it as a trustee but respectfully returned it back to Denmark not long ago after we defeated the Germans, the Japanese, the Italians and others in World War Two.
We gave it back to them.
And all we're asking for is to get Greenland including right title and ownership, because you need the ownership to defend it.
But now what I'm asking for is a piece of ice, cold and poorly located, that can play a vital role in world peace and world protection.
And they won't give it.
We've never asked for anything else.
And we could have kept that piece of land and we didn't.
So they have a choice.
You can say yes and we will be very appreciative or you can say no and we will remember.
Ross.
A lot of that, of course, we have heard before from Donald Trump, but it does seem to be stepping back a little bit from the idea of taking Greenland by force.
Any reaction on the markets?
We're down amid worries over the escalating tension between America and Europe.
Europe opened down, but is now rallying to be up.
And the American stock market is also up.
You're seeing the dollar gain a bit of ground and gold and silver lose a bit of ground.
So the opposite of what we've seen in the last three days, as fears over a very, very tense situation have eased a little bit.
But we still do have issues over trade, the Federal Reserve's composition and tariffs still ahead of us.
Still a lot to go through, and a lot to go through from Donald Trump's speech, because he wasn't just talking about Greenland.
He was also talking a lot about the US economy.
We will be unpicking his speech in full in World Business Report in our edition at 22.30 GMT.
But for now that's all from me, Gideon Long and the rest of the team here at World Business Express.
Thanks for listening.
If journalism is the first draft of history, what happens if that draft is flawed?
In 1999, four Russian apartment buildings were bombed, hundreds killed.
But even now, we still don't know for sure who did it.
It's a mystery that sparked chilling theories.
I'm Helena Merriman and in a new BBC series I'm talking to the reporters who first covered this story.
What did they miss the first time?
The History Bureau, Putin and the apartment bombs.
Listen on BBC.com or wherever you get your podcasts.
