World Business Report

A Christmas advert from exercise bike company Peloton has been widely mocked on social media as being "sexist", "out of touch", and even "dystopian". Matthew De Silva of Quartz explains how this translated to a hit to the company's share price. Plus we'll have a regular look on the US markets from Chris Low at FHN financial in New York.

An onion crop failure led to soaring prices in India where it can cause political turmoil. Vivek Singh of London's Cinnamon Club restaurant explains how significant the onion is to South Asian cuisine. Kolkata-based journalist Sandip Roy tells us that a fivefold price increase means the onion has become a valuable target for thieves. We hear from Danish Shah of produce exporting firm Sanghar Exports how the onion crisis has affected his business. And economics professor Dr Saswati Chodhhari of St Xavier's College in Kolkata discusses how onions have affected Indian politics over the years. Also in the programme, Google co-founders Larry Page and Sergei Brin are logging off as bosses of the search engine's parent company, Alphabet. BBC business editor Simon Jack tells us why the pair are stepping back. Plus as an economic crisis in Venezuela pushes millions of citizens to seek a more prosperous life abroad, our reporter heads to Peru to find out why it has become home to the second largest community of Venezuelan immigrants in the world. (Picture: Workers sort through onions in a shop warehouse. Picture credit: Getty Images.)

After two decades, Google's founders are handing control to current CEO Sundar Pichai. Larry Page and Sergiy Brin will remain on parent company Alphabet's board of directors. We get reaction from Stuart Miles, founder of tech website PocketLint. And Joe Saluzzi of Themis Trading in New Jersey brings us up to date on the day's trading on Wall Street.

We examine the pet industry that runs from pamper parlours to cutting edge vet theatres. Mindy Montney runs pet store Dog & Co in Manhattan, and discusses the growing popularity of pet clothing. We hear from Ineke Boyle who runs South African dog hotel Must Love Dogs about what her customers are looking for. We meet Cynthia Chommos, who designs catios, or cat patio garden enclosures. And Karen Jones of the People's Dispensary for Sick Animals tells us many pet owners don't realise the potential size of medical bills that they are taking on. Also in the programme, Tomasz Michalski, associate professor of economics at HEC Business School in Paris explains the implications of President Trump threatening to retaliate against a proposed French tax targeting US technology companies, by imposing $2.4bn of tariffs on French products. Plus, we find out what the five most streamed songs globally were on Spotify over the past decade.

Steel and aluminium exports from the two countries will be subject to the tariffs. President Trump says the Latin American nations are profiting as the value of their currencies are falling against the dollar. We speak to Jimena Blanco from research and consultancy firm Verisk Maplecroft in Buenos Aires. Sales of the traditional Japanese drink sake are falling in its home market. But the government is trying to boost its popularity abroad, and is looking at issuing more licences for production for export. Olly Wehring of Just Drinks tells us about the state of Japan's alcoholic drinks market. And Susan Schmidt of Aviva Investors in Chicago brings us up to date with the day's movements on Wall Street.