this is business live from bbc news with ben thompson and sally bundock. uber faces more scrutiny over it's huge data breach. will europe take the pressure up a gear? live from london, that's our top story on tuesday the 28th of november. it's just one of the crises that's prompted japan's softbank to slash its offer as it tries to buy a big chunk of the ride—hailing app. also in the programme... the bitcoin bandwagon rolls on. the virtual currency passes the $10,000 on some exchanges but is it too good to be true? the markets are looking like this as we get the first results from the black friday and cyber monday

weekend. all the details from new york. and we get details on how to tackle mental health challenges. and what is the regular in your christmas stocking? are you affected, let us know. all the usual ways to get in touch. we will talk about that a little later, my favourite, toblerone we have discussed at length, that has got smaller and now chocolate oranges we are told are doubling in price. i am oranges we are told are doubling in price. iam not oranges we are told are doubling in price. i am not happy. oranges we are told are doubling in price. iam not happy. send oranges we are told are doubling in price. i am not happy. send all your m essa 9 es price. i am not happy. send all your messages in. but first... it seems uber is neverfar from the headlines these days... some good and some bad. today, more details on the bid by japan's softbank to buy a stake in the company. it values uber about $69bn.

but it comes on the same day that european regulators examine the massive data breach at the firm. uber admitted last week that hackers stole personal details from 57 million customers and drivers last year. the company originally covered up the breach. 0ne estimate suggests the attack could cost uber between $200 — $250 million. a big cost for a company yet to make a profit. several eu countries including austria, italy and the uk — are already investigating the data theft. the eu's data protection group — could now choose to coordinate these investigations. and things could get even trickier for uber. next year a new eu body takes over the data protection role — and will have power to impose fines of 4% of global turnover or 20 million euros. aatish pattni is head

of threat prevention for northern europe at the global cyber—security firm checkpoint. good morning. we've outlined the situation as far as uber is concerned, the ramifications for the data breach on a pretty sirius. concerned, the ramifications for the data breach on a pretty siriusli think we've seen the number of breaches happening with companies over the last few years have escalated, the response government agencies are now taking, just a couple of weeks ago there was news and another company, yahoo has been one of them, government looking at enforcing penalties on these organisations. reasonably bad is good news for those of us who use these companies? absolutely. the

legislation that the cyber, the more emphasis there is in organisations to look at data security. the better protected we are at consumers. —— presumably bad is good news. there are new data protection rules coming in? from the end of may the legislation comes in across europe including the uk and it will give consumers the right to be forgotten so consumers the right to be forgotten so if we do want data to be removed from a company we can have bad but it also puts an onus on the actual organisation who holds your data to enforce good data security measures around that data and if they don't they will then be fined. as we outlined, they will be fined, uber is likely to be fined quite a bit, how does this work out that the united states, we talk about europe but in the us it's a different story? there could be conflict going forward ? story? there could be conflict going forward? there is potential for

conflict, at the moment the us within the us each state has the ability to impose fines, i think ultimately what you see is those fines being imposed by organisations as well as the european fines. the outlook for uber, this happened last year, bad headline after bad headline and millions all over the world a re headline and millions all over the world are using them to get around. that's one of the challenges, we find it so can be no to use these apps that they almost have a following within the consumer base. it's just the convenience, isn't it? more than anything? it really appeals to consumers but what we are also seeing is consumers are now getting more savvy about where their data sets and the bad reputational damage is quite severe so i think you will see some consumers leaving uber, we've seen it with other organisations. we will watch this space, thank you for your time. so we've talked about the data breach, but what about that proposed investment in uber by the japanese

tech giant softbank. mariko 0i is following this from our asia business hub. just bring us up to date, it seems from what we've seen that they are saying, we want a discount, we want to buy but we wanted more cheaply, given all of this chaos as the result of the hacks that we've been discussing? indeed. i should emphasise neither uber zero softbank would confirm or deny the reports as we've been talking about this. but softbank has made a bid to buy uber shares, about 14% of them at a heavy discount. if the deal goes ahead softbank will be buying this stock for nearly 30% less than uber most recent valuation which came in at $69 billion, that makes it one of the most valuable start—up companies in the world. these could be the

details of the investment by softbank that uber approved two months ago but it hasn't been confirmed by neither. we haven't known the size of the potential investment, there could be more details uber said the money would fuel expansion and investment in technology. thank you. i note you will stay right across that story when you get comment from either side. a bit of a protracted negotiation. let's take a look at some of the other stories making the news... the leaders of ireland's two biggest political parties resume talks today to avoid a fresh general election — that could affect brexit talks. the irish prime minister is standing by his deputy despite calls for her to resign over a controversy involving a police whistleblower. it could lead to a vote of no confidence in the irish parliament later today. another japanese company has admitted faking quality control tests. toray industries says it found 149 cases of cheating test results at a subsidiary but insists there are no safety concerns.

the world's largest maker of carbon fibre said the cheating involved tyre—strengthening cords. its shares closed down more than 5%. indonesian officials have extended the closure of the international airport in bali because of continued fears of a major volcanic eruption. tens of thousands of tourists are trapped because volcanic ash is disrupting air travel. as many as 100,000 people have been ordered to evacuate the area around mount agung. let's show you what the numbers are doing, us markets hitting a new record, they have fallen back in the last few minutes, but off the back of strong retail results from black friday cyber monday. initial reports suggesting black friday sales up i7% from a year ago, not bad given the

fa ct from a year ago, not bad given the fact that we are told we must squeeze oui’ fact that we are told we must squeeze our incomes. but that could be done to heavy discounts and that will affect profits. we note us stocks had a tough time of late. all the big names including macy's facing the falls in share prices. let's ta ke facing the falls in share prices. let's take a look at europe. looking pretty closely at the bank of england stress test results. they've been published this morning amid worries credit levels are reaching dangerous highs. you may remember the bank of england asked uk banks to set aside more cash to prove a buffer in case the economy took a turn for the worse, people had somewhat debt on their own balance sheet they would struggle to pay back, all of them currently passing the test, we talk more about that later ulster and samira hussain has the details about what's ahead

on wall street today. is and was all important given how much of the us economy depends on consumer spending. the more confident people feel about their finances the more likely they are to spend money. in other news the senate tanking committee will hold a confirmation hearing forjerome powell, selected by president trump to replace janet yellen as the chair of the us federal reserve. transcanada of the us federal reserve. tra nsca nada corporation will of the us federal reserve. transcanada corporation will hold an investor day in toronto, this is when the company may finally safe whether it plans to go ahead with a long—delayed and very controversial keystone pipeline project and finally, the numbers are out, the national retail federation, a leading retail industry group, is set to release pending doubter and thanksgiving, black friday and cyber monday. joining us is remi 0lu—pitan, a

multi—asset fund manager, schroders. we see a bit coin reaching new levels, give us your take on this phenomenon. it's extraordinary. it was just phenomenon. it's extraordinary. it wasjust under $100 phenomenon. it's extraordinary. it was just under $100 and now it's about $10,000 psychological level, it's nearly 1000 percentage increase. it's phenomenal. what matters about bit coin, a lot of commentators say is this another tulip kind of phenomenon? what's really key is locked chain technology, that's what's going to make a difference to the world. and it already is. in the financial

sector. it already is in the financial sector. this will make a difference to the average person. let's explain locked chain, is fiendishly combo catered. i am going to use a very broad brush, no government, no bank, institution controls the data and it's all shared by computers around the world, you own a bit of it. that means it is free from all constraints. and it supposedly transparent. and it's fast, that's why it's really key for the financial industry, it means transactions, very quick. it speeds things up and it makes a difference. it's... sorry, i didn't want to interrupt you but we are being told to move on, what are you watching today? we're watching the us confidence data, the bank of england stress test. quite a bit going on. it is quite exciting, the us consumer data is key, we had like friday, cyber monday and there has

been heavy discounting, we want to get a feel about how consumers feel, what is the make—up of the economy, how healthy is it, or people eyeing and either discounts getting people out? that is key. that consumer data is key in the us and uk and europe. we will hear about europe, quite a busy week from that point of view. you not finished, more work to do business live, you will be back later. chocolate 0range. do you like chocolate orange? i love it. getting more expensive, apparently. safeguarding employee's mental health alongside their physical health. we meet the woman with an award—winning app designed to tackle mental health. you're with business live from bbc news. britain's seven largest lenders have passed the bank of england's stress

tests for the first time since the financial crisis. it's the first time since the tests have been introduced that none of the major lenders are required to find extra capital. so they didn't fail? our business correspondent, theo leggett, joins us from the business newsroom to tell us more. the bank of england are saying it's good news. in terms of who passed and failed, it's worth mentioning measures of these banks capital were taken at the end of last year and on that basis, royal bank of scotland and barclays would both have failed, the reason they are deemed to have passed because since then they have taken measures to increase the capital cushions so the bank of england says they are ok now. 0utlook of the criteria that the banks put into place, it's warfor

banks. the uk economy shrinking by four points 7%, house prices falling bya third, four points 7%, house prices falling by a third, the pound sterling declining by 27%, this is an extreme stress scenario and the bank says on these criteria at the moment, the seven biggest lenders in the uk are set. but also something that mark carney has been highlighting is his concern about the buy to let mortgage side of the banking business. his worry about that area. well, he's not the only one who is worried. there are experts who are worried. there are experts who are worried that too much of this is going on and in an event of a downturn in the housing market the banks would wrack up the losses. some people think as well that the banking stress tests aren't robust enough. they don't give an accurate picture of how well the lenders would be able to with stand a major shock. they think the banks need a greater capital buffer, but the counter argument to this is if they

are setting more money aside, they wouldn't have as much to lend and that could harm the economy. theo, thank you very much. more on the bbc business live page. including this from our economics editor talking as theo was mentioning there, disorderly brexit is unlikely according to mark carney. he says all parties are working towards avoiding it. the full details are on the business live page. european regulators come together to assess uber‘s data breach of 2016. 57 million users, whether they be uber customers, or uber drivers, their data was breached last year and at the time the company tried to cover it up. yes, back in the spotlight for all the wrong reasons

again. let me show you what is happening on european markets. a stronger day to events in europe. keeping a close eye on the bank of england's stress test as we have discussed. all the uk banks passing the requirements to have reserves should the economy ta ke have reserves should the economy take a turn for the worse. we have been hearing from the governor about whether he foresee as disorderly brexit. he says that's unlikely. now, there's growing awareness amongst employers that taking care of their employee's mental health is just as important as safeguarding their physical health. figures now suggest one in four people will experience a mental health problem each year and it's an issue hanna chamberlain has been trying to tackle. she won this year's stelios award for disabled entrepreneurs named after the easyjet founder with her app called mental snap where users can record short video diaries, rate their mood and name theirfeeling. she's with us this morning. good morning. good morning.

congratulations on winning the disability award set—up by the stelios foundation. tell us more about how your app works? you record about how your app works? you record a short video clip on your mood. you can record it on any aspect of your mood and you name your feelings and you rate your mood. so it comes from the instinct of telling stories. and that being a therapeutic thing for people to do and in fact they are naming their feelings and rating their mood also introduces another level of therapeutic effect. who watches these videos? no one. they're private. they're completely for you. and therefore, is this a sense by recording your feelings you see maybe yesterday you felt low and today you feel better and it is an ware ness today you feel better and it is an wareness that things change and what is the psychology behind it, is it thinking you can get through this because yesterday you felt better?

there is the watching yourself back element, but the process of telling your story is important. if you have a mental health condition, you're often documented by other people and you don't often get the opportunity to tell your own story and believing your own story and owning your own narrative from your own point of view is vital for recovery. this is something that you and your husband has set—up. something that you and your husband has set-up. that's right. this is an issue that's been a challenge for you personally. so you've experienced provision for mental health as a patient, but also as someone health as a patient, but also as someone helping others. so is this what partly inspired you to take this path? absolutely. i started making films about mental health because of the need to tell my own mental health story and then as i started to make films with other people, i found that not only did i find it helpful, but actually so many people found it helpful. the camera sees you and hears you, it is an incredible validator and actually

from our earliest days, mummy, daddy, camera are our three earliest relationships. it is a really strong figure in our lives and can form a powerful therapeutic effect. you talk about the mirror effect. explain to me the idea of and this is how the app works, you see yourself with the selfie camera one way, but it will spin the other way around. explain that. when you see yourself on a camera in selfie mode, yourself on a camera in selfie mode, you see your familiar face. as soon as you press stop, it automatically flips in the camera. so you go from seeing yourself as you know yourself, to seeing yourself as your friends do. and actually it introduces a level of distance so people feel that they are not so absorbed in the moment, they can ditached from it, but people are saying that as they record, they feel like they're making a new friend and that friend is themselves. and this is something you've worked with in terms of mental health and film, the relationship for 20 years,

but have you felt in the recent few yea rs, but have you felt in the recent few years, the profile of mental health has been cut, you know, has been much more up there. there is real momentum behind this at the moment, isn't there? there is, indeed and the royal family have got a big part to play in that and there are celebrities who have come out and talked about that. the stelios award isa talked about that. the stelios award is a fantastic thing to win because stelios‘ ethos is to with mass markets and democratising and this is an amazing opportunity for mental health, not to bejust is an amazing opportunity for mental health, not to be just about one in four, we know there is one in four, but mental health is something eve ryo ne but mental health is something everyone has got. helen, remind me of the day in november when you won the award, was it 14th november?m was. the reason i ask you, thank you very much helen for being on the programme and congratulations again because on 14th november we had an interview with stelios, of course, the man who created easyjet and easy group and he was talking about that foundation and the disability award and more. so you can look on the bbc

iplayer and watch it. you went down to chat with him about that. we will talk about the business pages in a moment, but first a great story that we've found at the bbc. not much you can change about a cash machine right? put your card in, type a number and out comes cash. apparently not — one of the world's biggest makers of cash machine has come up with a new atm that it thinks is a game—changer. when i go to the atm, it is much more vivid, much more vibrant. in terms of the colours, i can zoom, i can pinch, i can do what i would expect to do

on the screen on my phone or my tablet as an example. i can initiate a video session with somebody at the bank to assist me. it really changes the game for what an atm is from, you know, a machine that dispenses cash to a whole new sort of mobile ready experience for the consumer. welcome. how can i help you today? sure, no problem at all. many financial institutions are rethinking how many branches they

have to have, where exactly those branches need to be and the purpose of those specific branches. remi 0lu—pitan is back. that interview with stelios is on our website. remi is back. we were talking about shrinkflation. this came to the fore when the gaps between toblerone got wider. now we've got the terry's chocolate orange. it has increased by 3696 compared to last year. why is that? this depends where you buy it. compared to last year. why is that?

this depends where you buy itm depends where you buy it. but on average it has increased by 36%. it isa average it has increased by 36%. it is a shock to the wallet particularly for those of us who have a sweet tooth. the confectionery industry have had a lot of inflation and now they are passing it on to the consumers. there is so much competition when it comes to those with sweet tooth. consumer trends are changing. there isa consumer trends are changing. there is a lot of competition. there is so much on offer. it is getting hard for the confectionery companies to make a profit. and that's why we are seeing higher prices. and when look at christmas and we know across—the—board at christmas and we know across—the—boa rd and it at christmas and we know across—the—board and it is notjust confectionery, it is potatoes, turkey, carrots. inflation will bite this christmas? i think we had it easier last year, but it is really coming through this year and that's because these prices are coming through. they are being passed on to us. reme, thank you. sorry it's so brief. a lot to fit in. bye—bye. good morning.

if you thought it was cold yesterday, well today is going to be even colder. we've got this northerly wind which is bringing the airall the northerly wind which is bringing the air all the way from the arctic, oozing down across the uk and this is the set—up that we're going to have, not only today, but really for the rest of this week. this morning, watch out for ice across scotland, northern ireland, north—west england and north wales, continuing to see some wintry showers moving in here and as we go through the day today, we will continue with those showers coming in towards cornwall, in towards pembrokeshire as well, but the further east you are, it is looking dry and towards devon, dorset, through much of wales and drier weather. dry too towards north—west england and brighter skies here during this afternoon. but for northern ireland we will continue with showers on and off this afternoon. indeed, as well across the north—east of scotland, quite a few showers moving in here and again they will be wintry over the higher ground. a rather strong

northerly wind making it feel cold. we will see more showers towards eastern areas of england, in towards the east midlands, towards norfolk as well, but at this stage in the afternoon at least, staying dry towards the south east of england with a bit of brightness, but it will feel cold wherever you are with the strong wind which will continue overnight tonight and that will continue to bring some wintry showers in the north—eastern scotla nd showers in the north—eastern scotland down the eastern side of england. elsewhere, mostly drier weather, clear skies, a touch of frost to start off on wednesday morning. again, where you have had the showers, the risk of a bit of ice first thing tomorrow morning and throughout wednesday, we will continue with the wintry showers. they will move further southward actually tomorrow. so down towards the south east of england. a few more showers in pembrokeshire and towards cornwall. 0therwise, dry, but temperatures three to seven celsius. now, we keep the northerly wind as we go through into thursday. this big area of high pressure blocking any other weather systems coming in from the west. so that's why we will keep the northerly wind,

but again the winds will be strong as we go through thursday. further showers expected down the eastern side of england. further showers around west wales, the south—west of england. in between, there is going to be drier and bright weather. temperatures about four celsius. add on the strong wind and it will feel more like freezing if not below. so for the rest of this week, it will be cold. there will be sunshine particularly in central area, but around the coastal parts, we will see wintry showers. that's all from me. bye—bye.