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tv   Business Today  BBC News  July 16, 2024 5:30am-6:00am BST

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and if this programme's not riveting enough for you, maybe it's time to try self—hypnosis? we'll examine the latest well—being technique claiming to help with stress and anxiety. welcome to business today. i'm tadhg enright. the czech billionaire hoping to buy the uk's postal service, royal mail has pledged to continue delivering letters to all uk addresses six days a week "as long as he's alive". daniel kretinsky sat down for an exclusive broadcast interview with the bbc. he said he was willing to share profits with the company's 150,000 employees, but he's not keen on the idea of employees having a stake in the business. that's a key demand from unions in return for their support. our business editor simonjack started by asking why such an important national asset should be entrusted to him.
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the answer for me was simple, because i truly believe that we can help now, and that we can contribute and we can play our vital role, which can however be very important in the history, in the history of royal mail, because this is a moment which is very decisive. the problem with royal mail currently has is that while it is almost dominant, or a monopoly provider of the mail distribution services, and hence the decline of the letter business. parcel business is a competitive business. allow me to remind you that in 2012, royal mail's market share owned the parcel business with 75%. it is 33% today. this is the problem of royal mail. the unions actually _ problem of royal mail. the unions actually fear - - problem of royal mail. the unions actually fear — you don't care about letters, you only care about parcels may split the businesses? 140 only care about parcels may split the businesses? no way. no wa . split the businesses? no way. no way- and _ split the businesses? no way. no way. and that _ split the businesses? no way. no way. and that would - split the businesses? no way. no way. and that would be . split the businesses? no way. no way. and that would be a i no way. and that would be a complete misunderstanding.
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royal mail's obligation, tradition, really it is the heart and blood is to provide the universal obligation for letters. and as long as we are investors in royal mail, it will always be the case. we can help royal mail to final the transformation to be the best parcel delivery company in the uk and to grow its market share. this is fundamental and else in. one more comment — really, there is no difference in between the interest of the shareholders and the employees. 72.5% of revenues of royal mail go to personal costs, to wages. we are all on the same ship. all on the same ship. and the ship needs to be successful. if the ship is successful, the is a success for everybody. if the ship is not successful, it is going to be disastrous also for the employees because there is no point from which you can take the money other than this one. ., _ take the money other than this one. ., , . take the money other than this one. ., ., one. you say that the universal service obligation, _ one. you say that the universal service obligation, you - one. you say that the universal service obligation, you will- service obligation, you will guarantee that you will honour that for five years — that one price goes anywhere pledge.
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after that, you could walk away from the universal service obligation?— from the universal service obliuation? ., . ., obligation? no, and we would never - and — obligation? no, and we would never - and i _ obligation? no, and we would never - and i can _ obligation? no, and we would never - and i can say - obligation? no, and we would never - and i can say very - never — and i can say very clearly one strong personal commitment. first of all, as long adds i'm alive, i completely exclude this. and i'm sure that anybody who would be my successor would absolutely understand that. so why not put that in writing? because they are two different things. one thing is clearly our commitment, and i say this as an absolutely clear unconditional commitment — royal mail will be the provider of the universal service provider in the uk unconditionally, and i would say forever.— unconditionally, and i would say forever. the workers want to have an _ say forever. the workers want to have an ownership - say forever. the workers want to have an ownership stake i say forever. the workers want to have an ownership stake in| to have an ownership stake in the company, and also want a greater say in how the company is run. where do you stand on that? i is run. where do you stand on that? ., �* 4' is run. where do you stand on that? ., �* ~ ., that? i don't think that the ownership _ that? i don't think that the ownership stake _ that? i don't think that the ownership stake is - that? i don't think that the ownership stake is the - that? l don't think that the | ownership stake is the right model. but the logic is — share of profit — yes. 0wnership structure creates a lot of complexity. ifeel structure creates a lot of complexity. i feel genuine interest from the unions to see royal mail being a successful
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company, and this is absolutely key. and if we are there — we don't have any real problems to deal with. don't have any real problems to dealwith. because don't have any real problems to deal with. because the sky is blue and is blue for everybody. and we await confirmation as to whether that deal will, indeed, be allowed to go through. speaking of deals: the food and drinks giant pepsico europe has announced a new partnership today with the fertiliser maker, yara. their deal is designed to help decarbonise food production in europe. pepsico's food brands include quaker 0ats, doritos and lays chips. yara's low carbon fertilisers and other agricultural products will be used on the company's agricultural crops, reducing emissions from fertiliser production by 80% by 2030. i am joined by yara's ceo, svein holsether. thank you very much forjoining
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us today on business today. and congratulations on making the deal. can you help our viewers understand — what is a low cash fertiliser? and what kind of deal this with pepsico would make? ., , deal this with pepsico would make? . , ., deal this with pepsico would make? ., ., .,, make? last month was the hottest june _ make? last month was the hottest june on _ make? last month was the hottest june on record, - make? last month was the | hottest june on record, and make? last month was the i hottest june on record, and it hottestjune on record, and it was the 13th consecutive month where we had record temperatures. and we need to address the major emissions points. and the food sector is a major emission — 25% to 30% of global greenhouse gas emissions, and we need to address that. small adjustments won't do it. it is about making changes in the value chain, and thatis changes in the value chain, and that is what pepsico is doing, with input from yara, but putting at the centre. and providing the farmers with a low carbon fertiliser with different techniques and tools, we'll be able to reduce emissions significantly and we're starting already now. so
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ou've we're starting already now. so you've done this deal in europe, but it's not the first such deal between pepsico and low carbon fertiliser producers such as yourselves. why did this one take longer than the others to actually get done? to get over the line? it’s others to actually get done? to get over the line?— get over the line? it's about scale. get over the line? it's about state and _ get over the line? it's about scale. and here, _ get over the line? it's about scale. and here, we're - get over the line? it's about l scale. and here, we're talking about up to 165,000 tonnes of fertilisers a year, covering 1,000 farms, 128,000 hectares. and it's a unique collaboration where we put the farmer at the centre and work together with the farmers to show what is possible. and it's about also showing what is possible in the food system when we do a comprehensive approach to it, and we worked out that and really proud to work together with pepsico — a leader in putting sustainability into the core of their business. and through this, we control the way and we can have impact that is really meaningful and we start now and then we're scaling up and it will have an
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impact of reducing emissions of the fertiliser by 80% by 2030 and then also reducing in—field emissions. and then also reducing in-field emissions-_ emissions. the need for this is obviously _ emissions. the need for this is obviously universal _ emissions. the need for this is obviously universal across - emissions. the need for this is obviously universal across the | obviously universal across the sector and doesn'tjust obviously universal across the sector and doesn't just apply to pepsico and yourselves. and i wonder if you think, if we're going to make a real impact on farming — do us consumers need to start making better choices, perhaps as some people suggest, by eating less meat?— by eating less meat? well, we all have a _ by eating less meat? well, we all have a role _ by eating less meat? well, we all have a role to _ by eating less meat? well, we all have a role to play - by eating less meat? well, we all have a role to play but - by eating less meat? well, we all have a role to play but it. all have a role to play but it is also about doing this in a way that people can afford. it is about addressing the cost of living crisis as well. food prices have gone up. it's about looking at the totality of this. a study done by the royal economic forum in boston consulting group said that it is possible to decarbonise the sector with a cost of about 1t% in totality. so this is
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do—able. and it's about collaboration through their value chain — working with the farmers. but also, the governments have a role to play as well, because the emissions have an impact on the climate, as we are clearly seeing in the last few months. so it's about the collaborative approach, and it also includes diet. but it's not one solution that will solve everything. but it's about the totality.- solve everything. but it's about the totality. sure. as i sa , about the totality. sure. as i say. it's _ about the totality. sure. as i say. it's not _ about the totality. sure. as i say, it's not the _ about the totality. sure. as i say, it's not the first - about the totality. sure. as i say, it's not the first time i say, it's not the first time yara has done a deal with pepsico. you've done deals in other parts of the world working hand—in—hand on these initiatives for some time. could an acquisition, do you think, some day, be on the cards? ~ , , ., cards? well, this is about the collaboration _ cards? well, this is about the collaboration and _ cards? well, this is about the collaboration and we - cards? well, this is about the collaboration and we worked l collaboration and we worked across that. already we have that level of trust. 0ur across that. already we have that level of trust. our people work together in the fields or the farmers every day. and what we're talking about here is scaling up that collaboration, working together in partnership and showing what is possible.
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through that, reducing the carbon footprint of pepsico's value chain and showing to other actors across the industry and to governments and to consumers what is possible. 0k, chief executive of ya ra international, thank you for joining us on business today. the european parliament meets for the first time today in strasbourg since thejune elections, with 720 parliamentarians, or meps, sworn in for five—year terms. what's on their economic agenda? a more pertinent question than usual because in this parliament, far—right meps have a bigger presence than ever before. later this week, they'll decide whether ursula von der leyen will continue as president of the european commission for a second term. let's cross live now to brussels and hearfrom niclas poitiers, research fellow at bruegel. thank you forjoining us today, niclas. it's always important
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to stress — the far—right did well. but they didn't win. they are in bigger numbers now. what influence do you see them having on the economic policies of this parliament?— of this parliament? good morning- _ of this parliament? good morning. thank - of this parliament? good morning. thank you i of this parliament? good morning. thank you for l of this parliament? good i morning. thank you for having me. i think that there are two major policy areas where the far—right will have an influence. i think mainly by putting pressure on mainstream parties to react to their electorate and not allow more space for far—right policies. and the first one is managing the green transition. here, the big question is basically — how that can be done without putting too much burden on consumers. financing it in a way that is palpable to far—right policies and international policies, which are often not very sympathetic to some sort of view funding. the other big policy areas having an effect on this is migration, where there are also — there will be pressure on new governments and mainstream parties to find new solutions for migration. and here, of course, we have a lot of
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pressure from demographics that economically, we need the labour force, economically, we need the labourforce, we need labour force, we need immigration labourforce, we need immigration to resolve our labour shortages. at the same time, this is backlash against this. .,~ ., time, this is backlash against this. ., , this. speaking of backlashes, ursula von — this. speaking of backlashes, ursula von der _ this. speaking of backlashes, ursula von der leyen, - this. speaking of backlashes, l ursula von der leyen, herself, is facing a revolt but some meps. i think most expectations are that she will win. but if she doesn't, what impact could that have on the future direction of europe? i think it's very — direction of europe? i think it's very unlikely _ direction of europe? i think it's very unlikely that i direction of europe? i think it's very unlikely that she . it's very unlikely that she will not win. she won this election, and she is has in the past, delivered. ithink election, and she is has in the past, delivered. i think here, it seems to me unlikely, so i'm not sure that there is much value in speculating. 0verall, value in speculating. overall, i would expect parliamentarians to choose continuity. they want a strong europe. they want a strong commission. also a counterweight against the member states that often pursue their own interests. and i think it would be against the interests of the european parliament, actually, to undermine this kind that has
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won this election. find undermine this kind that has won this election.— won this election. and one thing that _ won this election. and one thing that they _ won this election. and one thing that they could i won this election. and one thing that they could get i thing that they could get together and figure out is this idea of a capital markets union. 0ne idea of a capital markets union. one reason cited for europe's underperformance is a lack of access to finance for its businesses. where are we on that? are we getting any closer? ~ �* ., ~ that? are we getting any closer? ~ �* ., ,, ., ., that? are we getting any closer? ~ �* .~ ., ., ., closer? we didn't make a lot of rouress closer? we didn't make a lot of progress over _ closer? we didn't make a lot of progress over the _ closer? we didn't make a lot of progress over the last - progress over the last legislature on this topic. it has been on the agenda for a long time. in the past, it was pushed by the uk in particular, when the uk was still a member of the eu. but now it has regained interest. it has regained interest. it has regained interest. it has regained interest because of the green transition and the importance to finance it, and just the recognition that public finances are not suffice. but it also has regained interest because of the lacklustre growth performance and governments are looking for ways to rewrite growth. and i think for that reason, we've seen much more discussions about this. and therefore, i'm actually quite hopeful that the pressure on governments to deliver on the multiple target that is they have,in multiple target that is they have, in terms of financing the defence, in terms of financing the green transition, but also
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in terms of growth, that it now they might overcome some interests and narrow interests that thus far have prevented progress on this topic. qm. progress on this topic. 0k, thank you _ progress on this topic. 0k, thank you very _ progress on this topic. 0k, thank you very much i progress on this topic. 0k, thank you very much for i progress on this topic. 0k, thank you very much for that. thanks a lot. the us federal reserve has become more confident that inflation is moving back down to its 2% target. that's from the central bank's chair on monday. it is the latest sign that the world's largest economy is preparing to cut interest rates. here's the bbc�*s north america business correspondent michelle fleury. after last week's drop in consumer prices, odds rose that america's central bank would cut interest rates at its meeting in september. now, that view got a boost on monday from the head of the us federal reserve. speaking at the economic club of washington, jerome powell appeared optimistic that inflation, well, that it was moving in the right direction, and that the bank didn't need to wait for it to hit its 2% target to lower rates. ,, ., �*
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to hit its 296 target to lower rates. �* , , rates. so, we've been very clear that _ rates. so, we've been very clear that you _ rates. so, we've been very clear that you wouldn't i rates. so, we've been very| clear that you wouldn't wait for inflation to get all the way down to 2%. our test has been for the past quite some time that we wanted to have greater confidence that inflation was moving sustainably down towards our 2% target. and what increases that confidence in that is more good inflation data. and lately here, we have been getting some of that. ., , ., of that. you may remember at the start of — of that. you may remember at the start of this _ of that. you may remember at the start of this year, - of that. you may remember at the start of this year, many i the start of this year, many economists had pencilled in several rate cuts by september from its current level of 5.25% to 5.5%. however, stubbornly high prices and a hotjobs market pushed back that timing. now, citing better—than—expected economic data, it appears the federal reserve is getting closer to following in the footsteps of the european central bank and is preparing to cut rates. although mr powell did warn americans might have to get used to higher borrowing costs, suggesting that rates are likely to settle at a higher level than before the pandemic.
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well, staying in the united states: the value of donald trump's social media company has surged after he survived an assassination attempt on saturday. shares in trump media, which runs the truth social platform, closed up about 31%. the price had risen as much as 70% in pre—market trading over the weekend before falling back again. let's hear now from joshua mahony, chief market analyst, scope markets. it's fairly — obvious to suggest that this is because investors think he's going to win in november?— win in november? yes, certainly- _ win in november? yes, certainly. all— win in november? yes, certainly. all of - win in november? yes, certainly. all of the i win in november? yes, | certainly. all of the talk within markets at the moment is about the trump trade. and what might benefit if we do see him return to power. part of that is the idea that his social media platform, which has seen a very bumpy road, to say the least, in terms of its share price, might come into favour. if you cast your mind back to
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his presidency, he spent a lot of his time in social media. so we saw a nice bump in terms of the share price. but bear in mind, we're talking about a loss—making enterprise that hasn't really taken off. so quite whether the initial gains will be sustained remains to be seen. �* will be sustained remains to be seen. ~ ., will be sustained remains to be seen. �* ., ., will be sustained remains to be seen. ~ ., ., , seen. and one other side effect, perceived - seen. and one other side effect, perceived side i seen. and one other side i effect, perceived side effect of the assassination attempt was a bump in bitcoin. can you join the dots for us there as to why cryptocurrencies like it might rise if trump were to be re—elected? might rise if trump were to be re-elected?— might rise if trump were to be re-elected?_ re-elected? exactly. well, it's an interesting _ re-elected? exactly. well, it's an interesting one, _ re-elected? exactly. well, it's an interesting one, because i re-elected? exactly. well, it's an interesting one, because inj an interesting one, because in the past, when quizzed about bitcoin, he said he's a firm believer in the us dollar. so clearly, not necessarily a proponent of bitcoin in the past. that has flipped for this latest charge towards the white house. instead, he's now in a position where he's so pro—bitcoin that he's actually due to speak at a bitcoin conference next week. one has high hopes for that. but we've
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seen a nice move towards the upside for bitcoin after what has been a very volatile period, and most notably, despite the fact that we initially saw significant surge yesterday in early trade, we then saw him announce his running mate, which isjd vance, who, himself, in 2022, essentially announced that he had $250,000 worth of bitcoin. that's likely to be significantly higher today. so you've got two people running for office that are both pro—bitcoin, and we are cautiously awaiting that appearance next week from donald trump at the bitcoin conference to see exactly what he's going to say. but it certainly appears to be the case that he's going to be pro—bitcoin, and therefore potentially bringing more favourable legislation. thank ou ve favourable legislation. thank you very much _ favourable legislation. thank you very much for _ favourable legislation. thank you very much for that. i around the world and across the uk, this is bbc news.
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india has reported both wholesale and consumer inflation numbers forjune in the last few days, and a common theme there seems to be persistent food inflation. this is a cause for worry for asia's third—largest economy given continuing rural distress and high cost of borrowing. so, what's behind the sticky numbers? from mumbai, nikhil inamdar explains. well, food inflation hasjumped to 9% at the consumer level, which is a six—month high, and 8.6% at the wholesale level, too. now, one of the reasons for prices to stay so elevated is because of extreme weather. india has seen both — extended heat waves as well as a weaker than expected monsoon injune. this has affected vegetable prices in particular, which are up prices in particular, which are up 30% last month. 0nion prices are up a staggering 90% in june. now, higherfood prices
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are a concern for overall inflation numbers, because food makes up 40% of the consumer basket. it also hits the poor more, since they spend a bigger proportion of their income on food. food prices will also constrain the central bank's ability to bring down interest rates, which have remained unchanged in india since december 2022. unchanged in india since december2022. however, it now appears that the monsoon is normalise, which is expected to bring down inflation in the coming months, but stability in prices will depend on climate conditions remaining normal, which has become increasingly elusive over the past few years. let's get some of the day's other news 110w. the fashion brand burberry has changed its boss the fashion brand burberry has changed its boss as it tries to revive itself in the face of plunging sales. the company said joshua schulman, the former head of us brand michael kors, will take over as chief executive, replacing jonathan akeroyd who is leaving burberry "with immediate effect".
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the change of leadership came as burberry reported a sharp fall in sales, as it continued to be hit by a downturn in demand for luxury goods, particularly in china. the company said it was also looking at cutting jobs. data from walt disney's internal slack workplace collaboration system have been leaked online, according to reports in the wall streetjournal. the report said the leak includes information about ad campaigns, studio technology and interview candidates. a hacking group known a nullbulge has published leaked information and claims to have released over one terabyte of disney data. the company says it is investigating. now, with the global wellness market set to reach a value $1.8 trillion his year, it's an industry always on the look out for the next big trend. step forward self—hypnosis, the latest technique that promises to help manage everything from stress and anxiety to sleep and overeating.
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a growing number of self—hypnosis apps have now come to market, including reveri, founded by dr david spiegel, who over the past 45 years has become one of the world's pre—eminent experts on the clinical use of hypnosis, and hejoins me live now. thank you forjoining us today, david. let's get the stereotypes out of the way first of all. people often think of hypnosis as swinging a pocket watch before people's eyes. i'm sure there's more to it than that. how does self —hypnosis work? it than that. how does self -hypnosis work?— it than that. how does self -hypnosis work? yeah, the di . ital -hypnosis work? yeah, the digital watches _ -hypnosis work? yeah, the digital watches don't i -hypnosis work? yeah, the digital watches don't do i -hypnosis work? yeah, the digital watches don't do it i -hypnosis work? yeah, the l digital watches don't do it as well! self—hypnosis — all hypnosis is self—hypnosis. it's a state of highly focused attention that you may have gotten into when you watch a movie and get so caught up in the movie that you forget you're in the audience and you experience it intensely. so, our capacity to focus attention is a naturally occurring state
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that also constitutes the oldest western conception of psychotherapy. it's been around for a long time. so it's not a stage show trick. it's a capacity that people can learn to use to help themselves. so what's the evidence that it works? ., what's the evidence that it works? . ., ., , works? there are randomised clinical trials. _ works? there are randomised clinical trials. we _ works? there are randomised clinical trials. we published . clinical trials. we published one in the lancet in 2000 showing that patients undergoing per showing that patients undergoing pe r cutuneous operations to thread catheters had used half of the amount of opiods, a fifth of the amount of pain and no anxiety in the procedures compared to those in controlled conditions. so we and others in randomised trials have shown that it works for pain, anxiety and habit control. we know what's going on in the brain. 50. control. we know what's going on in the brain.— on in the brain. so, you've obviously _ on in the brain. so, you've obviously been _ on in the brain. so, you've obviously been doing i on in the brain. so, you've obviously been doing it, i on in the brain. so, you've| obviously been doing it, as on in the brain. so, you've i obviously been doing it, as i say, for 45 years.— say, for 45 years. that's ri . ht. say, for 45 years. that's right- and _ say, for 45 years. that's right. and i'm _ say, for 45 years. that's right. and i'm sure i say, for 45 years. that's right. and i'm sure that | say, for 45 years. that's i right. and i'm sure that you would agree _ right. and i'm sure that you would agree - having i right. and i'm sure that you would agree - having it i right. and i'm sure that you i would agree - having it done by
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would agree — having it done by a professional, such as yourself, must be better than diying it? yourself, must be better than diying it?— diying it? well - but what we do is we built _ diying it? well - but what we do is we built an _ diying it? well - but what we do is we built an app, - diying it? well - but what we do is we built an app, reveri, j do is we built an app, reveri, thatis do is we built an app, reveri, that is designed to, as much as possible, replicate the experience in my office. so the 3pp experience in my office. so the app is interactive. i give an instruction. i ask the person how they're doing — how they're responding. they give us an answer and we give them the next step based on what their answer has been. so it's as close as we can make it to the experience that i've developed in my office over some 45 years. in my office over some 45 ears. �* , in my office over some 45 ears. ~ , , years. and listen, help me understand. _ years. and listen, help me understand. i've _ years. and listen, help me understand. i've tried i years. and listen, help me understand. i've tried it i understand. i've tried it myself, i have.- understand. i've tried it myself, i have. i myself, i have. oh, good. i used various _ myself, i have. oh, good. i used various hypnosis i myself, i have. oh, good. i used various hypnosis for i used various hypnosis for controlling eating and controlling eating and controlling drinking. if you fall asleep during it — does it work? fall asleep during it - does it work? ., , i, , fall asleep during it - does it work? .,, i, , ., work? no, but hypnosis is not slee -. work? no, but hypnosis is not sleep- that's _ work? no, but hypnosis is not sleep. that's a _ work? no, but hypnosis is not| sleep. that's a misconception. it's a form of highly focused attention. you're waking up in attention. you're waking up in a sense when you go into a hypnotic state. so your eyes are often closed but that's about where the similarity ends. . ~ about where the similarity ends. ., ~ , ., ., about where the similarity ends. ., ~ ., ., ends. 0k, thank you for 'oining us and sharing �* ends. 0k, thank you for 'oining us and sharing your _ ends. 0k, thank you forjoining us and sharing your insights - us and sharing your insights into the world of
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self—hypnosis. really fascinating stuff indeed. that's business today, i'm tadhg enright. see you next time. hello, there. monday, we saw a day of contrasts — some pleasant sunny spells across eastern scotland, in particular, and a high of 2a degrees around the perth area. that's 75 fahrenheit. totally different story, however, further south and west. a day of heavy rain, across cornwall in particular, where we saw three quarters of an inch in a 24—hour period, and some of the rain torrential, with thundery downpours in it. now, that weather front is continuing to push its way steadily northwards, and it will linger, first thing on tuesday morning. not a bad start, though, for scotland, once again, a few scattered sharp showers to the northwest of the great glen, a few showers developing as we go through the day, but on the whole, there will be a good dry slot, with some sunny spells coming through.
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not a bad start into northern ireland, northwest england, as well. here's our weatherfront at 10:00 in the morning, lingering across east yorkshire, lincolnshire, gradually drifting its way eastwards, and then as we go through the afternoon, we'll see sunny spells and scattered showers. but these showers across north—east england, eastern scotland, could be heavy, with the odd rumble of thunder mixed in there once again. 0n the whole, winds light, but again, still from that cooler, north—westerly source. a bit more of a breeze, perhaps, into the far south east, and temperatures certainly a little bit more subdued, particularly further north — we're looking at highs of 16—20 degrees. moving out of tuesday, though, into wednesday, high pressure is building and the wind direction changes to a southwesterly. that will draw up a brief spell of warm weather, so it'll be a mild start to our wednesday morning. wednesday, on the whole, will be dry, with some sunshine for many of us, to begin with. we will see a few showers developing as we go through the day. these should be fairly light, but nevertheless it's worth bearing in mind. a little bit of patchy, cloudy drizzle to the north
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west of the great glen here, but temperatures will respond, on the whole, on wednesday. we're likely to see highest values of 21 degrees in scotland and 2a, perhaps, this time in the south east, and again, that is 75 fahrenheit, and we haven't seen 75 fahrenheit this july. so let's take a look at what to expect, as we head into the weekend. the high pressure will gradually ease away, and weather fronts will then return, bringing wetter weather. so, make the most of this brief warm spell. we could see temperatures peaking at 27 on friday. cooler, wetter conditions return for the weekend.
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good morning, welcome to breakfast with nina warhust and jon kay. 0ur headlines today. a body has been found in tenerife, close to the last known location of british teenager jay slater, who went missing on the island last month. please welcome the next president of the united states. a bandaged trump returns triumphant two days after that failed assassination attempt, as he names jd vance as his vice presidential running mate. the bamboo blight invading british homes. we look at the damage the
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plant can cause and what you can do to stop it. rainy days and summer holidays do not mix, so we have stepped inside manchester museum to talk about how you can find the fun this summer without the fear of breaking the bank. ba nk. lots of bank. lots of heavy rain around. but it is getting better. more sunshine later, a few showers, and later this week someone. “ some —— some warmth. good morning. it's tuesday, the 16th ofjuly. our main story. relatives of the missing tourist jay slater are waiting to find out if a body found on tenerife is his. it's almost a month since the 19—year—old, from lancashire, disappeared after attending a music festival. spanish police say all the evidence suggests the body is his, but formal identification is yet to take place. joe inwood has the latest. it was in the deep ravines near the last known location of jay slater, that search and rescue teams found human remains,
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along with the missing i9—year—old's clothes and possessions.

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