this is business briefing. i'm samantha simmonds. the eu's $16 billion dollar problem: that's the hole that will be left in the 27 nation block after the uk leaves the union. we'll find out how they are going to fill it. and it's valentine's day, but maybe not as you know it. we look at how technology can help us find love. and on the markets asian share markets are mixed as investor nerves were strained ahead of a us inflation report that could soothe, or inflame, fears of faster rate hikes globally. in a few hours time, the president of the european commission —jean claudejuncker — will outline his proposals for the future eu budget. he'll be working on the basis that the uk will be

leaving the union. and this will deprive the eu of between twelve and 13 billion euros every year — that's around $1546 billion. currently 1% of the bloc‘s gross national income goes towards the budget, but mrjuncker has already called for members to contribute more when the uk departs. in addition, the eu's budget commissioner has already said that the union will need to make spending cuts across the board — this includes a modest scaling back of the common agricultural policy. let's get more on this story from paul hofheinz — president of the lisbon council, a brussels based think tank. this is a big black hole. will certain companies have too step up? —— country? they will collate the way they have filled everything. will pull some here and push some there, and then put it in the oven and bake. but the short answer is

where there will start, some countries will pay some more. the good news is that for the moment it is not a controversial issue. everybody understands that brexit is a situation and that we will have to find some common ground on it. and what you said, some people will pay a bit more. but the moment, the mood seems good. there seems to be a willingness to work together. among the 27 to work the moment. even to get something good out of it. the budget is to be reformed, i think, and that is another area we are looking at. structural shifts. as you say, everyone is singing from the same hymn sheet at the moment. i guess the crunch point will come when cuts need to be made. who do you think would lose out?” when cuts need to be made. who do you think would lose out? i think there are two conspicuous candidates. rather than cool it a cut, lat‘s alert a trim. the first is the eu agriculture budget. before

that came along, a lot of us, including me, tell it was too high, the spending, to begin with. so i think agriculture regions are looking for an adjustment. the second part is of course the regional aid. and there over the yea rs regional aid. and there over the years it has been hardly afford. nobody likes to lose their aid. the ‘ he? wealthy nobody likes to lose their aid. the ‘ he i wealthy i r nobody likes to lose their aid. the ‘ he i wealctfis’; if: bit m