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tv   The Context  BBC News  January 31, 2024 8:00pm-8:31pm GMT

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�*have �* have further paid row in history may have further issues _ how much is too much? when it's $55.8 billion. a judge scraps elon musk�*s record breaking pay day — one that made him the world's richest man — saying the company's board had been "swept up by the rhetoric". also tonight — how to protect children online. bosses of the world's biggest social media firms faced a grilling on capitol hill — about what they're doing to prevent the spread of indecent images. the orphans of gaza — a special report on the 20,000 children who've lost one or both parents — as the war rages on and aid agencies say they're running out of time. and why eltonjohn, taylor swift and the beatles could soon fall silent on tiktok amid a row over payment rights on the social media platform.
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$55.8 billion. that was the record pay day for elon musk in 2018. but today a judge in the us state of delaware said it should be scrapped. the pay deal was the biggest ever in us corporate history and propelled mr musk to the top of the list of the world's richest people. butjudge kathaleen mccormick said the payout was "unfathomable". and could put his title as the world's richest man at risk. figures from bloomberg and forbes suggest his net worth is between $198 billion and $220 billion. the pay was from his electric car company tesla — and was linked to performance targets, such as tesla's share price and profitability. and if you look at that measure — well, the value of the company did soar, topping $1 trillion in 2021, up from $50 billion when the pay
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deal was originally negotiated. mr musk sold a large chunk of tesla to buy twitter. meaning how owns around 13% of the electric carmaker. cancelling his pay deal means he also misses out on more than 300 million tesla shares — that would have helped boost his stake. let's talk to chris roebuck — a leadership expert on the ucl school of management advisory board. chris, let me put that question to you, first of all, how much is too much? does someone like mr musk need a baby like that?— a baby like that? there's the business perspective, - a baby like that? there's the business perspective, can i a baby like that? there's the | business perspective, can you justify this through performance and then there's the moral perspective that suggests in today's society when people are having a hard time, perhaps 58 million is probably too much, morally. ithink perhaps 58 million is probably too much, morally. i think the key question is, how did it get to the
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point that he even got this deal in the first place. perhaps the remuneration committee was not on behalf of shareholders.— behalf of shareholders. that's what the 'ud . es behalf of shareholders. that's what the judges said _ behalf of shareholders. that's what the judges said in _ behalf of shareholders. that's what the judges said in delaware - behalf of shareholders. that's what the judges said in delaware made l thejudges said in delaware made note of, suggesting he had too much influence on the behaviour of that board. but you're right, given that it was set in 2018, linked to performance, it's fair to say the firm delivered on the performance, but i suppose the question is, you know, was it known at that point in 2018 that the firm would do so well? the concept of, so first of all, the concept of remuneration committees, before those committee's ceos set their own pay, so things got pretty outrageous. various governments, you can't keep doing this, you need to
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have an independent committee, independent committee, that sets the pay in terms of, is it performance, is it relative to other ceos? and is it a challenging target that the ceo has to achieve. effectively, the board knew that on the corrupt predictions of performance, musk would get his objectives pretty easily without a problem. they didn't tell the shareholders that. they imply to the shareholders that mr musk was going to have to work very hard to meet these objectives and that lack of transparency, to put it subtly, may be politely, a lack of transparency, the judge suggested it might be worse, was where the shareholders agreed. had they known the real situation they probably wouldn't have agreed it. chris, that raises huge issues about trust and transparency, integrity of the board in the way they are running this company. and again it comes back to that point, whether mr
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musk has too much influence on the behaviour and the outcome of those board meetings.— behaviour and the outcome of those board meetings. fundamentally, that is the problem _ board meetings. fundamentally, that is the problem that, _ board meetings. fundamentally, that is the problem that, musk _ board meetings. fundamentally, that is the problem that, musk has - is the problem that, musk has demonstrated the fundamental weakness of remuneration committees for the most powerful ceos, and there have certainly been cases that has been suggested by the judges here, you stack that remuneration committee with friends of yours and people you do business with, or we've seen the reverse effect to some degree where on your main aeration committee you have two or three independent directors are sainted chief executive, no, no, you can have that level of pay for that level of performance, the targets have to be tougher and those individuals have been eased off the board so the board becomes more compliant. in the end it's about, as you say, the trust that the organisation and the shareholders have in that ceo, and they are integrity, and sadly, not the majority by any means, there are a
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few out there who have been found lacking. few out there who have been found lackina. , , ._ few out there who have been found lackin i _ , , ., , , few out there who have been found lackin. , ,, , lacking. chris, stay with us because i 'ust want lacking. chris, stay with us because i just want to _ lacking. chris, stay with us because i just want to play _ lacking. chris, stay with us because i just want to play people _ lacking. chris, stay with us because i just want to play people another l i just want to play people another clip about top pay for buses,. earlier this month, on bbc breakfast, the boss of centrica, the company best known for running british gas, revealed how much he earned in the last year — and said he couldn'tjustify it. this is chris 0'shea, who's been chief executive at centrica since 2020. when asked if it was right that he received £4.5 million in a year? that's about 5.7 million dollars — at a time when the average british wage is about 150 times smaller — and at a time when many people are struggling with rising gusts, he gave this response. it's a huge amount of money. i am incredibly fortunate, i don't set my own pay, that set by a remuneration committee, and the number that's the first bonus i've taken in my time here, because of hardships and
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customers we were facing, i thought it was right we put a lot of their money, their profits into supporting customers. but you can'tjustify a salary of that size. customers. but you can't 'ustify a salary of that shah salary of that size. could you say that again? _ salary of that size. could you say that again? you _ salary of that size. could you say that again? you said _ salary of that size. could you say that again? you said you - salary of that size. could you say that again? you said you can't i that again? you said you can't justify- -- _ that again? you said you can't justify- -- no — that again? you said you can't justify... no you _ that again? you said you can't justify... no you can't, - that again? you said you can't justify... no you can't, to - that again? you said you can't - justify. .. no you can't, to anybody justify... no you can't, to anybody looking at the huge amount of money. so on the rare occasion a boss says that you cannotjustify, that was set by an independent board but it was clear that he couldn'tjustify it. what he's talking about there as well is a payday that was worth £4.5 million. ijust want well is a payday that was worth £4.5 million. i just want to but the number on the screen of what elon musk�*s payday looked like. nearly 56 billion, $55.8 billion. although zeros, it takes a lot to get your head over that and number that big. so if you can'tjustify 4.5 million
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pounds, how can you justify this? he's elon musk, he doesn't have to justify anything. that's the perspective that the judges picked up perspective that the judges picked up on, there's a real disconnect, isn't there chris? what buses are being paid and what ordinary folk are like working in these businesses, the people who assembling these cars... even if you go to 3.5 to 4 million, that still, coming in a, eight uk terms, 150 or however many times above your average worker, 3.9 million four 830 100 ceo, versus a paramedic who saves lives. there's a fundamental moral question there, and i think theissueis moral question there, and i think the issue is that it reinforces the perspective of the general population that there are corporate elites out there who are in a completely different world and who really don't care.—
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really don't care. chris, always aood to really don't care. chris, always good to talk — really don't care. chris, always good to talk to _ really don't care. chris, always good to talk to you. _ really don't care. chris, always good to talk to you. yet - really don't care. chris, always good to talk to you. yet it - really don't care. chris, always good to talk to you. yet it is, l really don't care. chris, always| good to talk to you. yet it is, it really does fascinating, isn't it? it's something we'll keep talking about but it really does put in perspective when you see those sorts of numbers, doesn't it? really good to have you with us, chris. the bosses of five major tech firms have been testifying at a senate hearing — about what they're doing to protect children from online sexual exploitation. the five have faced some fiery questions, with meta boss mark zuckerberg being asked "what the hell were you thinking?" over an instagram prompt directing users to possible child abuse material mark zuckerberg and the boss of tiktok voluntarily agreed to testify — but leaders of snap, x — formerly twitter — and discord initially refused and were sent subpoenas, forcing them to appear. all have hundreds of millions of young users. senators are particularly worried about a rise in reports of explicit images of children being shared, including those created
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with artificial intelligence. social media was back in the spotlight today — as the bosses of some of the world's mr zuckerberg, you and the companies before us, i know you don't mean for it to be so, but your blood on your hands. you a product... cheering you have a product that's killing people. you have a product that's killing --eole. �* , ., , people. and i use it, we all use it. there is an — people. and i use it, we all use it. there is an upside _ people. and i use it, we all use it. there is an upside to _ people. and i use it, we all use it. there is an upside to everything i there is an upside to everything here. but the dark side hasn't been dealt with. it is now time to deal with the dark side because people have taken your idea and they have turned it into a nightmare for the american people. they've turned it into a nightmare for the world at large. kristin bride is a social media reform advocate — her son carson committed suicide after being a victim of anonymous cyberbullying.
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before the hearing she said social media companies were more concerned with profit than safety. we are looking for accountability from the social media companies to actually follow through with what they say that they are going to do, we are going to hear a lot of promises today and a lot of of, we also see broken promises. here's one of the responses from the facebook founder, mark zuckerburg, in his opening remarks. no one should have to go through what yourfamilies have no one should have to go through what your families have suffered, this is why we invest so much, and we will continue with industry leading efforts to make sure that no one has to go through the types of things that your families have had to suffer. live now to our north america correspondent
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nomia iqbal in washington. that moment we played there, mark zuckerberg addressing the families in the room, it was a really powerful moment but when he was directed to make, wasn't he? that's riuht. he directed to make, wasn't he? that's right- he was _ directed to make, wasn't he? that's right. he was really _ directed to make, wasn't he? that's right. he was really grilled - directed to make, wasn't he? that's right. he was really grilled by - directed to make, wasn't he? that's right. he was really grilled by the i right. he was really grilled by the republican senatorjosh holly who prompted him to get up and look at the families, and, then, there were loads of take away moments in the hearing, but i think for me certainly, it was the presence of the families. these are people who say they've lost their children to social media. and right from the beginning, their presence were felt. they were a real force to reckon with. they were being hissed that during her testimony�*s, they would laugh and a plot of the senators, you could kind of feel the combative energy we saw, it fuelled the tension between lawmakers and the ceos. mark zuckerberg and the head
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of tick—tock, particularly, coming in for the most scrutiny. that led to that dramatic moment you just played their of mark zuckerberg turning around and saying to those families, i apologise for your suffering but also explaining what they were doing to try and make the platform was doing, and that's what all the ceos were here to do, try and defend themselves and explained to lawmakers what measures they were taking to keep children safe whilst also empowering children and parents. for lawmakers, itjust parents. for lawmakers, it just wasn't parents. for lawmakers, itjust wasn't good enough. they want these ceos wasn't good enough. they want these ceos to endorse key bills that they want to pass through congress. yeah. want to pass through congress. yeah, and it is a familiar _ want to pass through congress. yeah, and it is a familiar allegation - want to pass through congress. yeah, and it is a familiar allegation and - and it is a familiar allegation and we heard it once again they are from a family member who had lost a son to suicide. that familiar refrain that these firms are putting profit before safety, and some of the numbers, statistics that were cited in that hearing today, one report,
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instagram's own internal study saying 20% of users between 30—15 have received unwanted sexual advancesin have received unwanted sexual advances in the last seven days, mark zuckerberg was asked about it and he said i don't want to answer that, because the again allegation is they did nothing about it. so they are really under pressure to prove that they are taking this seriously and not putting profit first. ., ., .,~ , seriously and not putting profit first. ., ., , ., , first. for lawmakers the only way the can first. for lawmakers the only way they can prove — first. for lawmakers the only way they can prove that _ first. for lawmakers the only way they can prove that is _ first. for lawmakers the only way they can prove that is endorsing l they can prove that is endorsing some of the bills they want passed, specifically those bills including co—surfaces that kids online safety act, there is also stopped child sexual abuse material and his chips away at tech companies' abilities for people to sue them. going back to the lawmakers were saying family should be able to sue you, they should be able to sue you, they should be able to sue you, they should be able to sue you. and some of them said, well, they can. mark
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zuckerberg said we are being sued. there is criticism here that actually congress should be passing laws. it's been i think more than a decade since one child safety law was passed and that was a pretty narrow one, there is pressure on congress to do something and there is will to do it, by the way, i don't think i've ever seen republicans and democrats so united as i saw them united today. that's the big question, will this hearing yield anything, will it result in any kind of concrete legislation? good to have you there, thanks very much. joining us live from washington. alsojoining me is andy burrow, he's the former head of child safety online policy at the nspcc and adviser at the molly rose foundation, a charity which focuses on suicide prevention helping young people get the help and support and they need. andy, thank you for being on the programme. it was a big deal to grill the buses of the five biggest social media platforms. were you
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reassured by anything you heard today? reassured by anything you heard toda ? ~ ., , reassured by anything you heard toda ? ~ .,, reassured by anything you heard toda ? ~ ., , today? well, it was good to see senators take _ today? well, it was good to see senators take this _ today? well, it was good to see senators take this issue - today? well, it was good to see l senators take this issue seriously over several hours of healings today. what we saw from the five big tech chief executives was more of what we've seen before, a trail of obfuscation and denial. we saw all five of the ceos say one after the other about how important this issue was to them, emphasising that they were parents, they took this seriously, only to then discover that three of them had to be subpoenas to actually turn up in washington, dc today. we saw mark zuckerberg say in his opening remarks that he didn't think there was a connection between his platform and the negative impact of mental health, teenagers and young people, that's despite back in 2019, internal e—mails in the company warning of a palpable risk of further deaths because of how instagram's algorithms were recommending suicide and self—harm
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contact, more of the same with big tech chief executives, just really and denial. tech chief executives, 'ust really and denial.— tech chief executives, 'ust really and denial. �* ., , and denial. and our correspondent in washinuton and denial. and our correspondent in washington making _ and denial. and our correspondent in washington making the _ and denial. and our correspondent in washington making the point - and denial. and our correspondent in washington making the point there l washington making the point there that republicans and democrats were united, and there is a sense that something could change because there is that unity in terms of bringing and perhaps new legislation force action on behalf of the social media giants, but the idea here is that it is cross—border, this needs a global unified response. we know that the eu has struggled to put measures in place, they are different to those in the united states and elsewhere around the world. just explain what is doing being done around the world to try and present a united response to try and present a united response to what needs to be done to prioritise child safety online. well, we are seeing measures around the globe to start to introduce legislation, it's much needed legislation, it's much needed legislation because it's very very clear that that's the only way that the incentives will be there for tech companies to take
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child ren'ssafety tech companies to take children'ssafety seriously, here in the uk we see in the online safety act passed, that means there is a statutory regulator that will impose duties of care on platforms to identify and address reasonably foreseeable harms. we do seat legislation passed in the eu and for the legislation specifically relating to child abuse is currently being considered. but the us is the big prize here and i think one of the objectives for senators today was to absolutely draw attention to the scale of entirely preventable harm we've seen in children facing online, child safety legislation on capitol hill goes to the floor. as you say there is a real spirit of bipartisanship here, clearly that's very unusual in the us, but we've seen that in legislators right around the world. if this goes to the floor over the next few months, the floor over the next few months, the us can pass legislation and given that most of these companies are us—based, that will be a massive
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step forward. are us-based, that will be a massive step forward-— step forward. briefly, how confident are ou step forward. briefly, how confident are you that — step forward. briefly, how confident are you that will— step forward. briefly, how confident are you that will happen _ step forward. briefly, how confident are you that will happen soon? - step forward. briefly, how confident| are you that will happen soon? well, we absolutely _ are you that will happen soon? well, we absolutely can _ are you that will happen soon? well, we absolutely can see _ are you that will happen soon? well, we absolutely can see signs - are you that will happen soon? -ii we absolutely can see signs of progress around legislation, but it has to happen because it's only through legislation and regulation that we will see the die already changed, otherwise we willjust see more and more of this preventable harm affecting children and families in the uk and right around the world. �* , ., ., world. andy, so good to have you here with us. _ world. andy, so good to have you here with us, and _ world. andy, so good to have you here with us, and the _ world. andy, so good to have you here with us, and the borough. i world. andy, so good to have you - here with us, and the borough. thank you. around the world and across the uk. this is bbc news. let's look at some other stories making news. 16—year—old max dixon was stabbed to death on saturday night. the 16-year-old max dixon was stabbed to death on saturday night.— death on saturday night. the ma'or crime investigation d death on saturday night. the ma'or crime investigation team �* death on saturday night. the ma'or crime investigation team has i death on saturday night. the major crime investigation team has been| crime investigation team has been leading the inquiry into their desk and have so far made eight arrests.
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tonight, the crown prosecution service has authorised us to charge one of those arrested with two counts of murder following a review of the evelyn's collated. 44—year—old anthony snook will remain in police custody overnight before appearing in the bristol magistrates�* court tomorrow morning. this is a pivotal moment in investigation and mason and max�*s family have been informed of the development. the specialist family liaison officers are providing them with support and we continue to ask for their privacy is respected and they are given space to grieve. you�*re live with bbc news. the united states says the islamic resistance in iraq group was behind a drone strike that killed three us soldiers injordan. kateib hezbollah — part of that group ?— part of that group — says it has suspended operations against us forces "to prevent embarrassment of the iraqi government".
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us presidentjoe biden has said he has decided how to respond to the attack injordan ? warning it would be "at a time and in a manner of our choosing". iran warned it would retaliate against any attack on what it called its "interests". here�*s the us national security council spokespersonjohn kirby. we believe that the attack injordan was a planned resource facilitated by in umbrella group called the islamic resistance of iraq, which contains multiple groups including the kateib hezbollah. let�*s speak to our security correspondent frank gardner. the issue for the us and it is in a dilemma, isn�*t it, it does need to look like it�*s taking this sufficiently seriously, it needs to present a united front, it says it wants to strike back but at the same time does not want to spark a wider conflict in the region. how does it
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do that? ., ,, �* , do that? your you're right, they want to do _ do that? your you're right, they want to do what _ do that? your you're right, they want to do what you _ do that? your you're right, they want to do what you call - do that? your you're right, they want to do what you call right i want to do what you call right says this, it had more than 160 drone attacks in its bases in syria and iraq, it responded with air strikes hitting weapons stores and various iranian interests linked to the iranian interests linked to the iranian revolutionary guard squad but it hasn�*t stopped the attacks, this one is far more serious, three people were killed on sunday because that drone got through the air defences which it seems were not activated at the us base just inside jordan that got hit. i think the question a lot of you are asking now, why hasn�*t the us responded so far? because prison buttons said he made up his mind 2a hours ago, there could be technical reasons for this or strategic reasons, the technical reasons could be simply that they are still hunting targets, obviously
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those who feel they are most at risk will have scattered. they won�*t be hanging around waiting to be hit with an air strike. they will have gone to ground, possibly hiding in private houses, weapons will have been buried and moved, so it�*s a shifting target set for the us. they could also be considering how seriously to take the 2a hour old pledge by kateib hezbollah. actions speak louder than words, it may well be that the us has made up its mind already, is taking its time and it�*s going to probably try and hit certain targets are crossed syria and iraq, links to iran at the time of its choosing when they feel it�*s guard is lowered. find of its choosing when they feel it's guard is lowered.— of its choosing when they feel it's guard is lowered. and that's what's interesting. — guard is lowered. and that's what's interesting, that _ guard is lowered. and that's what's interesting, that line _ guard is lowered. and that's what's interesting, that line there - guard is lowered. and that's what's interesting, that line there where l interesting, that line there where it says it has suspended operations
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against us forces and anyone reading that, you know, it reads like iran has the upper hand in this. and the us will be deeply embarrassed at that�*s right, the first us soldiers to be killed in this conflict, they will be embarrassed that that strike was successful and that iran as we know through its other plays in the region is managing to destabilise things to such an extent once again. iran calibrates its actions in the middle east quite carefully. it�*s being extraordinarily successful at circumnavigating is some really quite draconian international sanctions despite those sanctions which have made the economy very, you know come up with the economy in a bad place in iran. many of iran�*s international actions are not popular at home. despite that, they have been able to spread the tentacles of their military forces or their allies throughout the region, red across iraq, syria, into
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lebanon with hezbollah, of course, and not the houthi in yemen. thank ou for and not the houthi in yemen. thank you for that — and not the houthi in yemen. thank you for that analysis, _ and not the houthi in yemen. thank you for that analysis, it _ and not the houthi in yemen. thank you for that analysis, it was good i you for that analysis, it was good to have your insight into this. frank gardner, our security correspond them. headlines coming up very shortly, state with a c on the context on bbc news. hello there. we�*ve seen some very strong winds across northern areas of scotland today. and with those severe gales came some pretty big waves pummelling the coastline of shetland. but it wasn�*t shetland where the strongest winds in this storm were. no, they were in the core of storm ingunn and that runs straight across the faroe islands to our northwest. now, landsverk is the public authority that runs the infrastructure in the faroe islands. they reported a gust on one of their weather stations of 155 mph. in relatively well sheltered torshavn, we had a top gust of 120 mph there in the capital of the faroe islands. thankfully, those really powerful winds stayed well
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away from our shores. we had a top gust of 75 in lerwick and not far behind that in the highlands and the hebrides. now, overnight tonight we�*ve got a band of rain, a cold front pushing southwards across england and wales, bringing some rain that will clear later in the night. and with clearing skies and lighter winds, one or two mist and fog patches possible, there�*s also likely to be one or two patches of frost around as well as we head into the first part of thursday. now storm ingunn will be bringing some very strong winds to norway on thursday, gusts over 100 mph, blizzard conditions with lots of snow. 0ur weather is going to be a good deal quieter than that. you�*ll be pleased to hear. we�*ve got a ridge of high pressure and that means for many of us, it�*s a bright start to the day. should stay sunny for the most part across england and wales. further north, it will tend to turn cloudier through the afternoon, with outbreaks of rain arriving across the north and west of scotland through thursday afternoon. with the wind strengthening, it won�*t be quite as windy as it�*s been though today. but friday, a lot of cloud around. best of any breaks in a cloud across eastern areas will continue to be quite windy generally. some rain across the north and west of scotland.
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we may see a fern effect set up across the north east of scotland. if that happens, we could see temperatures go as high as 16, but otherwise 1a in aberdeen. well, that�*s still a good seven or eight degrees above average at this time of the year. it stays mild as well for most of the country on saturday, but particularly so for england and wales. still quite a lot of cloud around. gusty winds on into the east of the pennines, a mixture of sunshine and showers for scotland and northern ireland. top temperature around 1a degrees for east anglia in the south east, but even 10—11 for scotland is still well above average as we head into february. into sunday and next week, generally it�*s going to stay quite wet and windy across northern areas. the quietest weather will be in the south.
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hello, i�*m ben thompson. you�*re watching the context on bbc news. details are published by the british government of a deal to bring back power—sharing to northern ireland, including no routine checks on goods from great britain. we�*ll talk about what is new and that deal and what difference it can make in just that deal and what difference it can make injust a moment, but let�*s get all the latest sports news with 0lly
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foster. busy night indeed. liverpool will be hoping to retain their five point lead. liverpool are playing chelsea. it is goalless at anfield in the moment. manchester city can move back to second if they beat burnley at home. they�*re doing that hot time —— half—time. julian alvarez has scored twice. tottenham would move into the top four with victory at home to bradford, but they are losing 1—0. neil mo pay with the goal there. the message from the manchester united manager erik ten hag was again "case closed" when pushed about marcus rashford�*s latest transgression. the england forward is now back in the fold after being excluded from the squad for their fa cup tie over the weekend. he missed training on friday after spending two nights out in belfast last week.
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earlier this season, he had to apologise after going out

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