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tv   Business Today  BBC News  May 13, 2024 5:30am-6:01am BST

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crackdown on big tech. elon musk�*s x and tiktok owner bytedance could face tough new restrictions. alternative fuel, as the world hydrogen summit kicks off this week, we look at the future of the sector. also in the programme, on the road to recovery. we have one of egypt's top government ministers on how they will use a bailout package to revive the country's struggling economy. and shaken but not stirred. from martinis to daiquiris, we look at the ever evolving world of cocktails. yes, depending where you are watching, might be too early for cocktails but hey, let's crack on. we are light, in london, this is business today.
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let's start in the eu, where three tech giants — the social media platform x, tiktok—owner bytedance and the travel website booking.com, are waiting to find out whether they could face an antitrust crackdown under the eu's new digital antitrust rulebook. the eu commission has until the end of today to decide whether those three companies would qualify as so—called gatekeepers under the new digital markets act. the aim of the act is to help competition in the technology sector and to try to break down the stronghold of big tech companies. well, someone who knows a lot about this, because she co—negotiated the eu ai act in her previous role in the german federal chancellery, is kirsten rulf who now is partner and associate director at boston consulting group. a warm welcome to bbc news. good to see you again.- good to see you again. greg manning- — good to see you again. greg manning- 50 _ good to see you again. greg manning. so let's _ good to see you again. greg manning. so let'sjust - good to see you again. greg manning. so let'sjust start l manning. so let's “ust start with manning. so let's 'ust start with the simple _ manning. so let'sjust start with the simple question i manning. so let'sjust starti with the simple question of these three big companies, will
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they be deemed gatekeepers are not by the eu today? what do you think?— not by the eu today? what do ou think? ~ ., ., ., you think? well, no matter how the eu decides _ you think? well, no matter how the eu decides today, _ you think? well, no matter how the eu decides today, this - you think? well, no matter how the eu decides today, this is - you think? well, no matter how the eu decides today, this is a l the eu decides today, this is a significant day for all three of these companies, because consumers will feel the decisions on their mobile phones and their laptops, because regardless of if they are designated today or may be at a later point, they will have to be a significant changes to their offerings, because what european law is trying to do that you mentioned is trying to give consumers more of a choice, and having european companies actually catch up to those platforms and use their services differently, and actually create a level playing field. so regardless of the decision today, the european commission has been watching these companies and others for quite a while, and if they decide today or not, consumers will feel the decision either way. 50 consumers will feel the decision either way. so from what you've _ decision either way. so from what you've just _ decision either way. so from what you've just said, - decision either way. so from what you've just said, then, | decision either way. so from i what you've just said, then, is this act effective? it is doing thejob?
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this act effective? it is doing the “ob? ~ ., this act effective? it is doing the “ob? ~ . ., , , the job? we have actually seen uuite a the job? we have actually seen quite a lot _ the job? we have actually seen quite a lot of— the job? we have actually seen quite a lot of changes - the job? we have actually seen quite a lot of changes in - the job? we have actually seen quite a lot of changes in the . quite a lot of changes in the last six months for those platforms that have already been designated gatekeepers. those are the big tech companies from the us but also certain services by bytedance, tiktok that you already mentioned for instance. those companies had to do significant engineering changes. for instance, messenger services like whatsapp and others now need to be interoperable with each other, and some of the viewers will have also noticed that once they open a browser may be on their smartphone or laptops, may be with an apple device or a microsoft device, now they are given a choice of which search browser they actually want to use, and they are not locked into the browser thatis are not locked into the browser that is offered by that significant company. so yes, we have only seen quite a bit of consequences from that act. we have also seen other countries copying the act. for example, japan, the uk actually, and even the us, with some anti—trust action against certain companies, india, south korea. so yes, you can say the
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brussels effect is already felt around the world, regardless of today's decision. find around the world, regardless of today's decision.— around the world, regardless of today's decision. and would you sa , today's decision. and would you say. because — today's decision. and would you say, because of— today's decision. and would you say, because of that, _ today's decision. and would you say, because of that, i - today's decision. and would you say, because of that, i mean, i| say, because of that, i mean, i know in my career as a business journalist, which i won't say how long that is because everybody will be shocked, i'm sure, is the fact that the eu has pushed and pushed for decades, going after big tech. i remember mario monti as head of the european commission, competition commission, going after microsoft many, many years ago. we are seeing it now as well, europejust years ago. we are seeing it now as well, europe just goes for these big tech companies, in a way that other areas of the world don't, would you argue? i will argue that. i will also say that regulation is just one part of the big puzzle that the european union is trying to put together here. what they are actually trying to do is have european companies step up and also become more innovative, and the regulation necessarily doesn't do that. it creates a level playing field. but the
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real test is well european companies then use the opportunity is given to them by the digital markets act and other regulation that we have seenin other regulation that we have seen in the last few years, and as you said, that's not necessarily always been the case. so we will have to see if european businesses, especially small and medium enterprises but also start—ups, will also step up to the mark and use the opportunity is now given to them by the regulator, because regulation is just one them by the regulator, because regulation isjust one part them by the regulator, because regulation is just one part of the game. the other one needs to be is actually using those chances and becoming more innovative in the digital world. �* , ., , world. because that is the argument _ world. because that is the argument against - world. because that is the argument against what . world. because that is the | argument against what the world. because that is the - argument against what the eu does, ie in the legal realm, because they argue it dampens innovation. it kind of stymies the growth of eu technology in, say, for example, comparison to what is going on in silicon valley. what is going on in silicon valle . . , what is going on in silicon valle . ., , ., ., valley. that is the argument of critics against _ valley. that is the argument of critics against the _ valley. that is the argument of critics against the regulation. l critics against the regulation. however, actually, if you look at the digital markets act
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specifically, the anti—trust law that is in the headlines again today, you can see in the last six months that european search engines for instance have seen something like 200% growth of users, and that is because users are now being given actually a free chance to choose them on their laptops and iphones if they want to, and iphones if they want to, and previously they may have had the chance, but it was a lot more difficult technically and it didn't work. so we can already see some of the ripple effects of the digital markets act down there with consumers. however, having said that, we also now and today's announcements of the first european company with amsterdam —based booking being subject to these regulations, and we have so far only seen us companies, or a chinese company be subject to these very strict eu regulations. so we will see that once a european giant is also in the mix, how that will actually change some of the rules and some of how the law
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is actually applied in the european union. it’s is actually applied in the european union. it's been really interesting - european union. it's been really interesting to - european union. it's been really interesting to pick | european union. it's been . really interesting to pick your brains on this. thank you for getting up so early for us. kirsten rulf. big we are talking about energy now. hydrogen, in particular. over the next three days, experts and business leaders from the energy sector are gathering in the netherlands for the world hydrogen summit where they will discuss the future of the technology. the interest in hydrogen as an alternative fuel has become more mainstream. it is seen as one solution in tackling global heating and the rising concerns over energy security; but it is not without risks. kathryn porter is energy consultant and founder of watt—logic. shejoins us now on she joins us now on the programme. give us your take kathryn festival on the summit happening in rotterdam, today,
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tomorrow and wednesday, all sorts of people they're very powerful within the industry, award ceremonies, it's all going on. how significant is this summit, from your perspective? this summit, from your perspective?_ this summit, from your perspective? this summit, from your --ersective? ~ ., ., perspective? well, there are an awful lot of _ perspective? well, there are an awful lot of conferences - awful lot of conferences happening around the world on the topic of hydrogen at the moment. i don't know that this one is any more significant than any of the others that are taking place. it's a three—day conference in the netherlands, and all of the usual people will be there, discussing their plans for hydrogen networks across europe.— plans for hydrogen networks across europe. now, hydrogen a ear or across europe. now, hydrogen a year or so _ across europe. now, hydrogen a year or so ago — across europe. now, hydrogen a year or so ago was _ across europe. now, hydrogen a year or so ago was being - year or so ago was being discussed like it was some sort of silver bullet in this whole problem of powering our world whilst we've got a climate crisis. we are all understanding it is not the silver bullet, but talk is three where it does stand in this alternative energy conversation?- this alternative energy conversation? ~ ~ conversation? well, i think it is actually — conversation? well, i think it is actually quite _ conversation? well, i think it is actually quite difficult. - conversation? well, i think it is actually quite difficult. we | is actually quite difficult. we have seen in the last few months that the two local hydrogen trials that we are going to look at the use of hydrogen for heating in britain
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were cancelled, due to lack of public support, and that is just one of the challenges that hydrogen the faces. other challenges are that it is incredibly difficult to transport. the molecules are extremely small, which makes them very prone to leaking. it is actually extremely explosive, and you need three times more of it, in volume terms, to achieve the same amount of heat that you would from normal gas that the use at the moment. so this makes it all very challenging, and in order to create hydrogen, there are essentially two options. one is to convert it from methane, which is the gas that he is at the moment for heating, and there you need to capture the carbon. that's very difficult to do, and then you need to store it, which is also difficult to do. and the other approach is to use people say spare renewable generation to create hydrogen from electrolysis, but that will require a very large overbuild of renewable capacity, which
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will also be very expensive. so where does hydrogen work well, then, given what you have just described, the many challenges you havejust described, the many challenges you have just outlined? described, the many challenges you havejust outlined? i described, the many challenges you have just outlined?- you havejust outlined? i think h drouen you havejust outlined? i think hydrogen will _ you havejust outlined? i think hydrogen will probably - you havejust outlined? i think hydrogen will probably end - you havejust outlined? i think hydrogen will probably end up| hydrogen will probably end up being a fairly niche application for industrial heat. it is likely to be one of the better solutions for delivering high—temperature delivering high—temperatu re heat, and delivering high—temperature heat, and if you can have a situation where hydrogen is being produced locally to where it is needed, then that could be a solution to decarbonising the high—temperature industrial sector. the high-temperature industrial sector. ., , ., sector. 0k, and it will be a art of sector. 0k, and it will be a part of the _ sector. 0k, and it will be a part of the mix. _ sector. ok, and it will be a part of the mix. i - sector. 0k, and it will be a part of the mix. i mean, i sector. 0k, and it will be a . part of the mix. i mean, we're all coming to the understanding that we need many, many types of renewable sources of energy, don't we, in order to provide what we all need on a day—to—day basis, going forward? day-to-day basis, going forward?— day-to-day basis, going forward? ~ ~ ., forward? also i think would actually challenge - forward? also i think would actually challenge that. - forward? also i think would actually challenge that. if l forward? also i think would l actually challenge that. if you look at renewable generation itself, it is extremely inefficient, both in terms of the use of capital, but also in terms of the use of resources. you need huge amounts of metal
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to build offshore wind for example and solar farms and all the rest of it, and the supply chains to deliver the metal that everybody wants for their renewable transitions just are not there. it takes about 20 years to open a new mine and costs more than $1 billion, and therejust are not costs more than $1 billion, and there just are not the new mining projects in the pipeline to deliver all of them mineral requirements for all the different countries's plans. in fact, a more effective approach would be to turn more towards nuclear power, which has higher energy density and is just a more efficient use of capital and resources. i more efficient use of capital and resources.— more efficient use of capital and resources. i would love to challenge _ and resources. i would love to challenge you _ and resources. i would love to challenge you further - and resources. i would love to challenge you further on - and resources. i would love to challenge you further on thatl challenge you further on that but sadly we don't have enough time, kathryn porter. interesting discussion about hydrogen and alternative fuel supplies. now some other business stories. british news publishers have warned apple against an ai tool the tech firm is reported to be planning for its internet browser that would remove ads
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and other unwanted content. in a letter, they said online advertising was a key revenue stream, and apple's move could spell financial disaster for journalism. the new privacy tool for apple's safari browser is expected to be implemented in the next ios operating software update. changes to the welfare system in the uk have been introduced from today, meaning people claiming universal credit and working less than 18 hours a week, will be expected to look for more work. before now, claimants only had to work 15 hours. the new rule is part of broader reforms to the welfare system that the government announced last month. a climate research group in britain has warned that the country's ability to feed itself will decrease by a tenth this year because of wet weather. the 18—month period to march was england's wettest on record and farmers have been unable to plant some crops because of waterlogged fields. the energy and climate intelligence unit says britain could now become dependent on foreign imports for around a third of its wheat.
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and coming up — shaken, not stirred — from martinis to daiquiris, we look at the ever—evolving world of cocktails. around the world and across the uk, this is bbc news.
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you are with business today. markets in asia have been digesting the latest chinese data released over the weekend, showing that inflation is starting to pick up. consumer prices rose for a third month in a row in april, signalling a comeback in demand. investors will also be closely watching earnings from the e—commerce giants alibaba and jd.com this week, to gauge the mood of chinese consumers.
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orgive usa or give us a sense of consumer demand as well. —— that will give us. let's go live to our asia business hub — monica miller is there. talk through the inflation figures. the consumer price index edged up the consumer price index edged up .3% compared to the year earlier, compared to matter what analysts had been expecting. much of the world has been battling the cost—of—living crisis. the world's second biggest economy fell into deflation last year, which means prices fell. that might sound good to some people but it can also push businesses to lower wages or even lay off employees in orderfor to lower wages or even lay off employees in order for them to maintain their profit levels. also last week, we did get some good news, in terms of china's figures. one number in particular that was rather impressive was its imports for
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april. theyjumped 84%. that is reversing a 1.9% fall in march. but some in china, they say this momentum might not be sustainable —— theyjumped 84%. we have talked about this at length —— 8.4%. the housing crisis not showing any sign of easing. crisis not showing any sign of easinu. �* ., i. ., easing. before we let you go, ph llis easing. before we let you go, phyllis and — easing. before we let you go, phyllis and four— easing. before we let you go, phyllis and four more - easing. before we let you go, phyllis and four more people | phyllis and four more people are expecting from alibaba and jd are expecting from alibaba and jd .com. irate are expecting from alibaba and 1d .com. ~ ., , . , jd .com. we are expecting these numbers out _ jd .com. we are expecting these numbers out later _ jd .com. we are expecting these numbers out later this _ jd .com. we are expecting these numbers out later this week. - jd .com. we are expecting these numbers out later this week. by| numbers out later this week. by some estimates both companies make up almost 70% of china's e—commerce market, so this will be a real indication of how confident consumers are about spending their money. since covid and a slowdown of economic growth, shoppers are looking for bargains, which these companies have had to provide. the question now is how much are these discounts
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cutting into their bottom line? thank you. we will see you again soon. monica miller in singapore. to egypt now, where the country's economy has been struggling, due to high debt and an overvalued currency, which has also exacerbated the country's cost—of—living crisis. over the last two months, the country managed to secure a $50 billion bail—out from the imf and world bank to help address those economic woes. our middle east business correspondent sameer hashmi spoke to egypt's minister of international cooperation, rania al mashat, and began by asking her how the bailout would help the country's economy? so basically the past two months have been very engaging for the egyptian government. it was very, very important to restore macroeconomic stability to be able to start a second wave of reforms related to structural reforms that focus
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on the green transition, private sector investment, state ownership policy, also increasing competition and competitiveness within the economy and of course continuing on the macro fiscal resilience. we have a btb business that is was passed. when you look at the competition law, executive regulation that will be implemented to actually increase competitiveness. all of these are structural reforms that have to do with the infrastructure related to many of the important policies that would draw in private sector investment.—
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would draw in private sector investment. the economy has also taken _ investment. the economy has also taken a _ investment. the economy has also taken a hit _ investment. the economy has also taken a hit because - investment. the economy hasi also taken a hit because there is a war going on in gaza. we have seen two key sources for the government, whether the suez canal being impacted because of the attack from the houthis, or even tourism, how can —— how concerned are you about that? 50 can -- how concerned are you about that?— about that? so yes, there is very estimated _ about that? so yes, there is very estimated or— about that? so yes, there is very estimated or predicted | very estimated or predicted impacts of geopolitical situation is on the suez canal. as i mentioned, restoring macroeconomic stability meant that the repercussions of the shock have been internalised within the policy discussions, and the policy framework that has been endorsed by the government. all of this to mitigate the impact of that externality on the domestic economy. externality on the domestic economy-— externality on the domestic econom . ~ . . ., ., . ., economy. according to the world bank, 6096 _ economy. according to the world bank, 6096 of _ economy. according to the world bank, 6096 of egypt's _ economy. according to the world bank, 6096 of egypt's population | bank, 60% of egypt's population is living close or below the poverty line. that is a big challenge. how are you planning to address that? we have one of the most important social protection programmes that the world bank has, and it is a social
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protection, a social safety net programme, designed for families, and also tied to education of girls. so it is a very important programme. the current budget that was just discussed in parliament includes a very important segment, related to social programmes that will again mitigate the impact of many of these reforms on vulnerable groups. egypt's minister of international corporations speaking to us at the world economic forum taking place in riyadh, of course. i have been to a few of those forums, and they do have cocktails. yes, they do have cocktails. yes, they do. they have soirees, they do. they have soirees, they have all sorts. now many of us are experiencing hotter temperatures here the summer season is kicking in certainly here in the uk and that does boost demand for cocktails. and today is world cocktail day.
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yes, there is one. now you know. now you know. so what is your favourite? mine is a mojito — well, it's perhaps a bit early here in london but today is world cocktail day so perhaps a good excuse to dust off the shaker and indulge in a margarita or two. the day marks the publication date of the first definition of a cocktail, on may 13 in 1806. let's speak now to someone who knows his cosmpolitan from his daiquiri. i'm joined by wayne feddon, manager of the samba room cocktail bar and lounge in london. good morning to you, wayne. it is a bit early for you, i'm guessing?— is a bit early for you, i'm guessing? is a bit early for you, i'm uuuessin ? ,., ., ., ., guessing? good morning. no roblem guessing? good morning. no problem at — guessing? good morning. no problem at all. _ guessing? good morning. no problem at all. thank- guessing? good morning. no problem at all. thank you - guessing? good morning. no problem at all. thank you fori problem at all. thank you for having us. really appreciated. so whereabouts are you in london? i so whereabouts are you in london?— so whereabouts are you in london? ., , london? i am in samba rooms, our new cocktail— london? i am in samba rooms, our new cocktail bar _ london? i am in samba rooms, our new cocktail bar on - london? i am in samba rooms, our new cocktail bar on the - our new cocktail bar on the heron tower. i5 our new cocktail bar on the heron tower.—
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our new cocktail bar on the heron tower. is it in the city, canary wharf. _ heron tower. is it in the city, canary wharf, are _ heron tower. is it in the city, canary wharf, are you - heron tower. is it in the city, canary wharf, are you in - heron tower. is it in the city, canary wharf, are you in a i canary wharf, are you in a strategic place? in canary wharf, are you in a strategic place?— canary wharf, are you in a strategic place? in the city next to london _ strategic place? in the city next to london liverpool l next to london liverpool street. , , , ,, street. so is business booming riaht street. so is business booming right now? _ street. so is business booming right now? yes, _ street. so is business booming right now? yes, it's _ street. so is business booming right now? yes, it's busy, - street. so is business booming right now? yes, it's busy, the. right now? yes, it's busy, the summer— right now? yes, it's busy, the summer is — right now? yes, it's busy, the summer is coming, _ right now? yes, it's busy, the summer is coming, we - right now? yes, it's busy, the summer is coming, we have l right now? yes, it's busy, the i summer is coming, we have two terraces here, we'vejust built this new space of the city is booming at the moment, it's fantastic. �* booming at the moment, it's fantastic-— fantastic. and cocktails is associated _ fantastic. and cocktails is associated with, - fantastic. and cocktails is associated with, would i fantastic. and cocktails is i associated with, would you fantastic. and cocktails is - associated with, would you say, warm weather, being outside, that kind of vibe? i warm weather, being outside, that kind of vibe?— that kind of vibe? i think the warm weather _ that kind of vibe? i think the warm weather makes - that kind of vibe? i think the warm weather makes you i that kind of vibe? i think the i warm weather makes you more inclined to come out for a drink. i think the warmer the weather is, the busier the trading levels tend to get. find trading levels tend to get. and world cocktail— trading levels tend to get. and world cocktail day, _ trading levels tend to get. and world cocktail day, what are you doing, anything particular, anything special?— anything special? nothing, we 'ust 0 en anything special? nothing, we just open this _ anything special? nothing, we just open this new— anything special? nothing, we just open this new space - anything special? nothing, we just open this new space are i just open this new space are really the focus is on driving samba room. we have created a menu based on innovative cocktails, so we are looking for everyday to be a cocktail day. for everyday to be a cocktail da . �* ., ., , ., for everyday to be a cocktail da. ., ., ., day. and how have you found it, settin: day. and how have you found it, setting this _ day. and how have you found it, setting this up? _ day. and how have you found it, setting this up? because - day. and how have you found it, setting this up? because costs | setting this up? because costs are high right now, all the stuff you put in the cocktails, but also staff. are you having
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issues trying to get the right people to work for you? i think findin: people to work for you? i think finding people _ people to work for you? i think finding people is _ people to work for you? i think finding people is getting - people to work for you? i think finding people is getting more| finding people is getting more challenging all the time, i think there are less people around and there's a lot more competition. ourfocus around and there's a lot more competition. our focus for quite a while now on sushi samba group has been how do we keep the people we've got? 90% of our managers have been promoted from within. we make sure we have robust training plans to keep our team engaged. sushi samba as a brand has grown worldwide, so we have an opportunity for our teams to go and work abroad which is good as well. �* ., , as well. and do they need particular— as well. and do they need particular skills? - as well. and do they need particular skills? we - as well. and do they need particular skills? we all i particular skills? we all think, some of us of a certain age remember the tom cruise movie cocktail, where he was demonstrating and it was all a big show and you had audiences while people prepared cocktails. is that the case now? i cocktails. is that the case now? ~ , ., , cocktails. is that the case now? ~ , ., , ., ., ~ now? i think being able to make a aood now? i think being able to make a good drink— now? i think being able to make a good drink is _ now? i think being able to make a good drink is also _ now? i think being able to make a good drink is also important i a good drink is also important but i think personality is key, someone who you can create a great drink but you can also sell the story, because every cocktail has a story, and what we look for is someone who can tell that story at the same
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time, that's really important. what is the most popular cocktail currently? irate what is the most popular cocktail currently? we have a brazilian the _ cocktail currently? we have a brazilian the menu _ cocktail currently? we have a brazilian the menu which - cocktail currently? we have a brazilian the menu which is i brazilian the menu which is important, it gives it more of a new mammy flavour. that is our highest selling drink at the moment.— our highest selling drink at the moment. what about the really basic. _ the moment. what about the really basic, like _ the moment. what about the really basic, like the - the moment. what about the really basic, like the mojito l the moment. what about the really basic, like the mojito i | really basic, like the mojito i like, which is probably very boring, daiquiris, margaritas, are they still very popular these days?— these days? margarita in particular- _ these days? margarita in particular. for— these days? margarita in particular. for us, - these days? margarita in particular. for us, the i these days? margarita in i particular. for us, the style of food and drinks we serve, margarita very important. mojito is, people go for nonalcoholic options, mojito may be more popular but margarita is our highest selling cocktail within sushi samba. ~ . , ~ selling cocktail within sushi samba. ., ., samba. what is kicking out time? 3am. _ samba. what is kicking out time? 3am, so _ samba. what is kicking out time? 3am, so we - samba. what is kicking out time? 3am, so we are i samba. what is kicking out| time? 3am, so we are open samba. what is kicking out i time? 3am, so we are open till late, time? 3am, so we are open till late. great _ time? 3am, so we are open till late, great food, _ time? 3am, so we are open till late, great food, great - late, great food, great cocktails, a culinary aspect as well. . �* , cocktails, a culinary aspect as well. ., �* , , ., cocktails, a culinary aspect as well. ., �*, , ., ., 4' well. that's when i start work, so i well. that's when i start work, so i could _ well. that's when i start work, so i could roll— well. that's when i start work, so i could roll in _ well. that's when i start work, so i could roll in here - well. that's when i start work, so i could roll in here from i so i could roll in here from samba room, that's what you're saying? irate samba room, that's what you're sa inc? ~ ., ., samba room, that's what you're sa in. ? . ., ., ., samba room, that's what you're sa inc? ., ., ., ., saying? we would love to have ou. saying? we would love to have you- have _ saying? we would love to have you- have a — saying? we would love to have you. have a good _ saying? we would love to have you. have a good day - saying? we would love to have you. have a good day on i saying? we would love to have you. have a good day on world| you. have a good day on world cocktail day- —
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you. have a good day on world cocktail day. thank— you. have a good day on world cocktail day. thank you - you. have a good day on world cocktail day. thank you for i cocktail day. thank you for dragging yourself out of bed to us. good to talk to you. lets take a look at the markets. monica miller mentions a story thatis monica miller mentions a story that is moving markets, it has given the hang seng a boost, japan flatlining down, nearly 0.5%. basically, japan still saddened with speculation, further losses for the japanese yen. the currency could lead to the bank ofjapan to raise rates in the next few months thatis rates in the next few months that is really hitting sentiment. price of oil a bit low, which people might be relieved to see. you can see the yen at bottom as well. also middle of the week we will be getting news in the us about inflation figures there as well, which is a constant focus for global financial markets, of course speculation over time as to when the fed might start to cut interest rates. you are up—to—date on all things news and business. have a lovely day. maybe you will have a cocktail. who knows? enjoy. i will see you soon.
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hello. there were definitely two sides to sunday's weather story. on the one hand, it was very warm. in fact, it looks like it was the warmest day of the year so far, temperatures touching 27 celsius to the west of london, but we saw some really intense downpours and thunderstorms breaking up, especially across western and northern parts of the uk, ushering in a change. low pressure taking charge of our weather through this week, which will bring rain at times, not least across the southwest of england, wales and northern ireland through monday. that rain arriving through the morning and then sticking in place right through into the afternoon. could be enough rain to give some localised flooding and travel disruption, and under the cloud and rain not feeling particularly impressive — 15 or 16 degrees, but for a good part of scotland, central and eastern parts of england, we will hold on to some sunshine and some warmth — maybe 23 or 2a degrees. in fact, for some north sea coasts, it is likely to be warmer on monday afternoon than it was over the weekend. now, through monday night, this band of rain will be moving slowly, northwards and eastwards on what will be a very mild, even warm night, with temperatures holding up at between nine to 1a degrees.
5:57 am
so, we start tuesday with our area of low pressure still in place. this frontal system wraps around the low, continuing to drive some outbreaks of rain. this time, the rain bands sitting across the southeast of england, east anglia, parts of the midlands, northern england, still some further rain to come across northern ireland, and then that rain pulling northwards across scotland, sunny spells and showers following on behind. temperatures, broadly, 17, 18 degrees, but still up to 20 in the north of scotland. those temperatures still a touch above the average for the time of year, just not as warm as it has been over the last few days. now, this is wednesday's forecast. still a weakening weather front likely to bring rain for a time in northern england. then it's a sunshine and showers day, and temperatures 17 to 20, maybe 21 degrees. now, our area of low pressure will still be with us through the second half of the week, but it will tend to loosen its grip — the centre of the low pulling away southward.
5:58 am
so, while there will still be some showers, especially in southern parts, more in the way of dry weather, some spells of sunshine, actually will dry up for some of us, as we head into the weekend, and those temperatures still a touch above normal for the time of year.
5:59 am
6:00 am
good morning, welcome to breakfast withjon kay and sally nugent. our headlines today. new evidence finds the government was warned by its own embassy in washington about the risks of developing hiv from contaminated blood sent from the united states in the 1970s and early �*80s. something that should have saved their life... ..killed them. and still, a0 years later, there's no answers to that. with just one week until the report into the scandal is published, victims share the impact it has had on their lives. a group of mps call for an overhaul of maternity care, and say urgent action is needed to reduce the trauma experienced by many women during childbirth. iamon i am on the banks of the river in

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