best thing about this deal is who we are - best thing about this deal is who we are doing _ - best thing about this deal is who we are doing this _ - best thing about this deal is who we are doing this deal - - best thing about this deal is| who we are doing this deal with, about the collaborative nature and about the collaborative nature and about how we have met our newest best friends. welcome to world business report. we start here in the uk — where the government has unveiled how much companies will have to pay to import foods from the eu, now the country is no longer part of the european union. small imports of things like fish, salami and cheese will attract fees of up to £145 from the end of this month. the government says the fees will pay for what it describes as "world—class border facilities". phil pluck is the boss of the the cold chain federation, which represents companies working in the temperature controlled supply chain. thank you forjoining us. what impact do you think this will have on food prices? i

impact do you think this will have on food prices?— impact do you think this will have on food prices? i think it's almost guaranteed _ on food prices? i think it's almost guaranteed to _ on food prices? i think it's almost guaranteed to have _ on food prices? i think it's almost guaranteed to have a _ on food prices? i think it's almost guaranteed to have a negative - on food prices? i think it's almost - guaranteed to have a negative impact on food prices. food inflation is bound to be affected by the costs of administration due to the new food import regulations which were coming the 30th of april. there are two obvious costs. the first cost is to the food producer in europe. they will have to pay for something called an export health certificate to say that the food produce, whether it has animal products in it or is of plant origin, that that food product must be safe and secure. that's the first cost to them. the second cost is the individual or company that is ordering that food based in the uk and they will now be subject to something called the common user charge, which is how only been revealed yesterday. bearing in mind

three weeks' time the goes live, yesterday they are now, what the charges were we only know now and there will be... it will be hundred and £16 maximum amount for any particular importer bringing food in. it will have an effect and it will almost certainly affect the sme community, individual restaurants, fish and chip shops, delicatessens, probably much more than it was the larger retailers. is probably much more than it was the larger retailers.— larger retailers. is this all going to affect the — larger retailers. is this all going to affect the trickle _ larger retailers. is this all going to affect the trickle down - larger retailers. is this all going to affect the trickle down to - larger retailers. is this all going to affect the trickle down to the j to affect the trickle down to the consumer? if the companies are facing higher costs than that will come down to the customer. thus the onl lace come down to the customer. thus the only place it — come down to the customer. thus the only place it on _ come down to the customer. thus the only place it on land. _ come down to the customer. thus the only place it on land. there _ come down to the customer. thus the only place it on land. there are two i only place it on land. there are two consequences, really. and i was dealing yesterday with a number of phone calls from producers in europe saying we are not really going to join this club any more because it's too expensive, it's to

administrative and heavy so we're not going to import any more. there one particular producer, a danish cheesemaker who said we're just going to focus all your attention on selling our cheeses into mainland europe, not the uk. the first consequence the uk consumer will be that they will probably have less choice in terms of artisan food and small produced food, the second element is that they will see a price increase on the food that is still available and still being imported into the uk.- still available and still being imported into the uk. phil, thank ou so imported into the uk. phil, thank you so much _ imported into the uk. phil, thank you so much but— imported into the uk. phil, thank you so much but i _ imported into the uk. phil, thank you so much but i have _ imported into the uk. phil, thank you so much but i have to - imported into the uk. phil, thank you so much but i have to leave l you so much but i have to leave it there. out with poker machines, in with live music and pizza. that seems to be the winning formula for one bowling club in sydney, which has seen revenues surge by 900% since ditching the controversial gaming machines. now others are following suit. from sydney, phil mercer reports. rocking into profit.

this room at the petersham bowling club in sydney was once full of poker, or slot machines. they were taken out in 2007. now it is punk bands and pizza that is paying out. it is a dynamic and exciting and evolving club. that is what being perky free gives you. you have to be on your wits and constantly coming up —— pokerfree... with new things and it is really exciting to be a part of that. there is a lot of strategy involved in turning a club around and weaning off poker machines and engaging with the local community. that chorus is getting louder. the bowling club had relied on gambling for a two —— forup to —— for up to 70% of its earnings. now other venues want to follow its lead. it has been a really toughjourney for a lot of pubs that have chosen to do this. but the ones that i have been to our absolutely thriving. they are fun to be in and have a great community atmosphere.

families are there. you go there for a drink, for a meal, and not to gamble. we know that there are more pubs and clubs considering doing this but we're certainly a way off having the majority of pubs and clubs in the state doing that. australians love to gamble from the stock market to and beyond. the gaming industries association says that gambling in general —— to horse and beyond. is a legitimate recreational activity enjoyed by millions of australians safely. the industry body adds that laws and standards aim to reduce the harm from poker machines. but for some, the damage can be long lasting. i was absolutely mentally hijacked i for the next 15 years of my life. i kate was a teenager when she became hooked on the pokies. i had absolutely no ideal that they were a harmful product and put some money in and unfortunately -

like so many other australians, i quickly became addicted. - we are dealing with a public health crisis in this country. _ for the petersham bowling club and others there can be financial stability after the gambling machines have gone. the suburban club is now dancing to a very different tune. phil mercer, bbc news, sydney. to india next where the outlook for the economy has been revised by the world bank. it has given indian economic growth an upgrade and now predicts a growth rate of seven and a half percent for this year. but the world bank warns growth will then start to come down — below the estimates of india's central bank. arunoday mukharji breaks down the good and bad. it still remains one of the fastest growing economies in the world, on track to overtake japan and germany and become the third largest economy

in the next three years. if this report card that has been sold by prime minister narendra modi was in a government as election is near. just two weeks away. the world bank in this report said south asia is expected to remain the fastest—growing region for the next two years and india forms the largest chunk of that. countries need to boost private investment and strengthen employment opportunities, both currently big concerns in india. the international labour organisation says unemployment in the country among educated youth has doubled from around 35% to 65% between the 2000 and 2022 and also come as a proportion of the gdp, private investments have fallen to 19% in 2020 private investments have fallen to i9% in 2020 one from a peak of 27% in 2007-2008 and i9% in 2020 one from a peak of 27% in 2007—2008 and also according to the world in a quality database inequality has widened in india to 100 year — stop, but the numbers, there are some bright spots, but in

order to maintain that experts say that more robust economic policies need to be adopted and also sustained. the hard rock band kiss, founded in 1973 by paul stanley and gene simmons has sold its music catalogue, brand name, likeness and trademarks to the swedish music investor pophouse entertainment. the exact sum isn't known — but the bbc understands it's more than $300 million and could be an all—time record for the sale of a hands back catalogue. our business reporter david waddell spoke to its co—founder gene simmons. we will be able to pay our rent. for any amount of money we wouldn't get in bed with the wrong folks. everybody is very happy. but everything began with the pop house

team sitting with us and breaking bread. the best thing about this deal is who we are doing a deal with of a collaborative nature about how we have now our newest and best friends for the rest of our lives. pophouse have got a strong record, dealing with abba but you are a different proposition but what was it about pophouse that drew you to work with them? the commitment to taking ai where it has never been before, the technology and so there's business and there's the idea of blowing the socks off your fans. they want to take us, that thing that we've created, into areas we never imagined, the caterpillar never imagined that once it stuck its head out of the cocoon that it would grow these beautiful wings that would soar into the heavens. in 2015 you told the bbc,

"i approach life the way "sharks approach life, they must keep moving "or they will drown. "i will never stop making more money, i will never have enough." is this the point you feel you have brought in enough money? more money is always good. i completely reject the idea that if you work hard that you should not make more money. people who say money is the root of all evil do not understand, it is actually the lack of money that is the root of all evil. if you've got hundreds of millions of dollars in your pocket why would you hold up a 7/11? but the money is for a purpose and notjust but the money is for a purpose and not just to sit but the money is for a purpose and notjust to sit in a bank account. if you don't have money you can providejobs for if you don't have money you can provide jobs for anybody or give to charity or improve anybody else's life. even if you don't give a single penny to charity your budding skyscrapers and buying votes and the people at work at your place doing

your stuff are able to feed their families. money is good. you sell thins families. money is good. you sell things from _ families. money is good. you sell things from coffins _ families. money is good. you sell things from coffins and _ families. money is good. you sell things from coffins and condoms | families. money is good. you sell. things from coffins and condoms and caskets. is there anything you will not sell? i caskets. is there anything you will not sell? , , . ., . ~ caskets. is there anything you will not sell? ,, . ., . ~ , caskets. is there anything you will notsell? , not sell? i guess crack is probably not sell? i guess crack is probably not a good — not sell? i guess crack is probably not a good idea. _ not sell? i guess crack is probably not a good idea. but _ not sell? i guess crack is probably not a good idea. but no _ not sell? i guess crack is probably not a good idea. but no kiss - not a good idea. but no kiss cigarettes. but the rest of the worlds why not? branding makes things fun. worlds why not? branding makes thins fun. , worlds why not? branding makes thinusfun. , ., things fun. there is some element of control you — things fun. there is some element of control you still _ things fun. there is some element of control you still have _ things fun. there is some element of control you still have with _ control you still have with pop house. what will be your ongoing message to see them to continue to on your legacy? the pophouse team has already surpassed anything we could have imagined. we have seen the original prototype imagery that's going to make you question where you are and your surroundings. it's unbelievable but i cannot tell you about it, not now, but soon!

cheering. european markets have been reacting to news about the producer price index in the eurozone. it was down by i% last month. it's actually down by more than eight %, compared sports is coming up next.

hello from the bbc sport centre. i'm anne—marie batson. liverpool have the chance to return top on thursday night with victory over sheffield united after arsenal moved above them thanks to a 2—0 win at home to luton. mikel arteta said his squad rotation was "really positive" after he made five changes from the side that drew 0—0 with manchester city. elsewhere, phil foden

scored his second hat trick of the season as city eased past aston villa 4—1 at the etihad. they remain third. ahead of liverpool's match at anfield, managerjurgen klopp says his players must stay professional and not let distractions affect them emotionally. i think ithink in i think in the last press conference is one of the last important things was to get through this period which is to ignore the outside mess. that goes up and down and it is emotional and obvious things and we are to be professional and we have to be emotional but in the right way. we have to be the best version of ourselves, we have to try to buy the best football we can play in what outcome is. 12th place chelsea host manchester united in sixth at stamford bridge. united manager erik ten hag believes their performances so far have showcased their ability to compete with premier league teams while mauricio pochettino

urged his team to play with commitment to the club and defend resolutely