billion. profitsjumping to $17.2 billion. doing well in asia. lots of the growth is down to profits made in that part of the world. the latest news also says bhp billiton has come out with earnings as well. the business page on line is all about for you as it breaks. —— has all of that. now it's time look at the stories that are making the headlines in media across the world. we begin with the new york times, and a un report that has found iran is in violation of a united nations weapons embargo and in defiance of security council resolutions that could endanger the iran nuclear deal. the guardian leads with comments from uk brexit secretary, david davis, who said fears the conservatives will plunge britain into a "mad max—style world borrowed from dystopian fiction" after leaving the eu are unfounded. the telegraph business pages focus

on italy's upcoming march elections, carrying a warning from banks and hedge—funds that a late surge by anti—eu populist parties could threaten to shatter europe's brief political calm. the ft says deutsche bank is cutting 250 to 500 investment banking and trading jobs ahead of its 2017 bonus pay—outs in the latest round of restructuring under a five—year turn round plan. and finally, could it be a question of chickens not coming home to roost, or roast, depending how you look at it. fast—food giant, kfc, has been forced to close over 600 of its restaurants due a shortage of, you guessed it, chicken. it is not foul play, it's a real story. with me isjustin urquart stewart who's director of seven investment management. the new york times. a worrying

story. un report which was published last week, making the front page today. what is it telling us?m last week, making the front page today. what is it telling us? it is concerning. people are worried about the nuclear deal, we have to keep it going. trump is against it. the idea is what iran has been doing is supplying other arms, especially to the houthi rebels. yemen is in a terrible position. they are saying iran is breaking other areas of the agreement with regard to providing i’ , agreement with regard to providing weaponry, developing weaponry, and making sure the terrorists are not using it. this is not about nuclear weapons, it is about the supply of arms to be the rebels in that dispute in yemen. —— houthi rebels.

what rules is the breaking? yes, if it is creating a level of concern about how much you can trust iran. if you can't in terms of the control of arms, how can you with nuclear power? no reaction in this article from iran or any defence from them. they have just said it is nothing to do with us, their version of fake news. david davis. the government's road to brexit series of speeches in various places. vienna today with a business audience. strong headlines. david davis, brexit will not plunge britain into a mad max dystopia. he just put the thought in our minds. we were not thinking that. the idea

people were thinking it could get that bad! he is trying to say it will be fine and britain outside of europe will be perfectly strong. don't panic. is anyone panicking? are people just frustrated with the lack of concrete information as to where we are going and what it will be like afterwards? some people are still angry over it in the wrong decision. put that to one side. people are just frustrated. we do not know what the deal will look like and we cannot plan for the future. ireland will invest for the next 12 months to be anything after that? no. you can't tell us what it will look like. we have a series of speeches, and i am none the wiser. that is what everyone is saying to me. all of the company bosses, a nalysts, me. all of the company bosses, analysts, they are saying it is the lack of concrete information which makes it difficult. i guess they

cannot give it if they do not know and have not decided, have not agreed, what it will be. they sit in cabinet and agreed, what it will be. they sit in cabinetand are agreed, what it will be. they sit in cabinet and are avoiding having that conversation for political reasons. they have to agree to whatever it is with brussels as well. until they have all of their ducks in a row, they cannot say what will happen. you can feel the attitude from angela merkel. she says she sympathises, but be more clear. we wa nt to sympathises, but be more clear. we want to know what you want. you can't carry on like this. another interesting story. italy has an election next month, something we have not focused on that much given everything else going on, all of the noise from elsewhere. this article in the daily telegraph warns us this could throw a spanner in the works for the calmness in europe at the moment. it is interesting. this article is talking about us banks

and hedge fund managers saying there isa and hedge fund managers saying there is a level of concern. italy's economy has picked up considerably. evenif economy has picked up considerably. even if they put up interest rates in europe, it will not affect italy too much. nonetheless, a significant change. it has been quite 0k and then there is the election. you have two main groups. the populist parties, the five—star group. they have had its day to a great extent. and then, who else, are less grainy! he is back! —— bellesconi. at least a lookalike. the canopy prime minister, but he could lead the party that leads the country. —— he cannot be prime minister. he has a lwa ys cannot be prime minister. he has always been in the background. not

that long ago, people were concerned italy may need a financial bailout on the part of the troike, which we cannot say anymore. but things are looking more robust. we were worrying about the banking system for some time. that has gone away, but not entirely. it is still a huge problem. but the economy has picked up. look at the interest rates, the yield on italian bonds, and portuguese bonds, they are the same as americans at, which makes not much sense. but it shows the change. 500 jobs are going in investment banking from deutsche bank. should we be concerned ? banking from deutsche bank. should we be concerned? i think we should be concerned. the head of deutsche bank has been trying to clean it up and turn it around. it has taken a long time. he has done a good job. it isa long time. he has done a good job. it is a tough job. it takes a long time to do this. what you are seeing

isa time to do this. what you are seeing is a headline that 500 traders and bankers could lose theirjobs ahead of bonus, which means you will lose yourjob before of bonus, which means you will lose your job before getting of bonus, which means you will lose yourjob before getting a bonus. the banking side is taking the cut. some will be in london and others in frankfurt. what people are looking into is does this have anything to do with brexit? doesn't mean there will be less jobs in do with brexit? doesn't mean there will be lessjobs in london, more in france it? what do you think about that? there is nothing about that here. —— frankfurt. but there will bea here. —— frankfurt. but there will be a change. finally, for lovers of kfc in the uk, they may have to go further than normal to get their finger—licking good chicken. what came first, the chicken or the egg? neither, apparently. how do they run out of chicken is? theyjust changed their contract. the phrase from dhl,

we will raise it to a whole new level of service. it is a new level, dreadful. they even set up a website for "fa ns" to dreadful. they even set up a website for "fans" to work out where the closest branch is. many of these franchises, they are dependent on this. will they have a claim against kfc for not getting service? and many people in low—paid jobs have been told to go on holiday. that means no pay. thank you for your time, justin. it has been great to have your company. and yours as well. that is the briefing. have a really good day. we will see you soon. once again, ijust want to bring you up to date with how we see the weather developing right across the british isles in the coming day.

i think there will be something of a transformation for many of us as early as today. a much brighter day for central and western parts compared to monday, simply because monday's weather front slowly, but surely is easing its way over towards the north sea, but not quite completing the job, and that's quite important because it gives leaden skies for tuesday. the last of the mild air trapped with that weather front slowly just becoming confined to the east. 0ut towards the west underneath clear skies, tuesday will start fairly cool. western scotland, northern ireland, parts of wales too. there could be a touch of frost if you're very prone. now, let's see how we're going to do for the school run and the morning commute. as i say, with the weather front making its progress over towards the east, there will be brighter skies. just putting the detail model on here to show you there's a speckling of showers there, particularly over the high ground. they could be wintry across scotland. but dry to start with to the western side of the pennines, through northern ireland, the west midlands, wales and the south—west of england.

but go that bit further east, anywhere really from about yorkshire down to the far south—east, and you're looking at a fair amount of cloud and the prospect of some rain as well, which could, for some, hang around for the greater part of the day. you've got an onshore breeze as well, along these eastern shores. that combination of the cloud, the lack of sunshine and that breeze, 7, 8 or 9. but further towards the north and the west, where you get some sunshine at last, at last, will push those temperatures up nicely — 10, 11, 12 degrees or so. now, with high pressure building in across that old weather front, we're left with just a residue of cloud, which helps to keep the temperatures up as we start the new day on wednesday, but either side of it, where the skies are clear, we will end up with a touch of frost and that is the shape of things to come as we move into the latter part of the week and indeed on into the weekend. high pressure trying to build in and starting to connect us to a really cold continent. we won't be looking to the atlantic, as we have done through monday and tuesday, we will be looking towards the continent and scandinavia.

so here is wednesday, with a high pressure close by to us, keeping the atlantic fronts at bay, but there will be sunshine, yes, there will be a lot of dry weather, but notice the temperatures, after that coolish sort of start — it's 7 to about 9 degrees. no more the 10, 11 or 12, if indeed you ever saw that. here we are into thursday and indeed towards the tail—end and of the week, and here is the mechanism that eventually draws that cold air towards the british isles is the high pressure. dry, yes, but the temperatures set to drop quite markedly as we get through to the weekend. hello — this is breakfast, with louise minchin and dan walker. the number of sexual offences against children in the uk reaches an all—time high — the nspcc warns that one is recorded by police every eight minutes. the charity says nearly 65,000 offences were recorded last year which is an increase of 15%. good morning — it's tuesday 20 february.

also this morning: enough is enough! students take their demonstrations to washington as the white house says president trump supports improved background checks on gun ownership.