tv Business Today BBC News October 9, 2024 5:30am-6:01am BST
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another legal shock for tiktok. more than a dozen us states sue the social media giant for harming young people's meantal health with software they say is intentionally addictive. children and teens are struggling with significantly high rates of depression, anxiety, suicidal thoughts, suicidal ideation and other mental health issues largely because of social media. also because of social media. also cominu because of social media. also coming up — because of social media. also coming up - _ because of social media. also coming up - europe's - because of social media. also coming up — europe's stalls again. germany set for another year of recession according to government forecasts. what can be done to restart the engine? viking vintages. how climate change has uncorked a growing wine industry in scandinavia. hello and a warm welcome if you've justjoined hello and a warm welcome if you'vejustjoined us, you're in time for business today. starting in the us, where there is yet more legal trouble for tiktok. more than a dozen us
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states have sued the social media platform, accusing it of helping to drive a mental health crisis among teenagers. a bipartisan group of 1a attorney generals from across the country allege the company uses addictive features to hook children to the app. they also claim it's intentionally misled the public about the safety of prolonged use. tiktok has called the lawsuit disappointing. the platform is already battling a law passed by congress in april that would ban it from the us unless a chinese parent company agrees to sell it. details now from new york. to sell it. details now from new york-— to sell it. details now from new york. ., , , ., new york. the lawsuits from more than — new york. the lawsuits from more than a _ new york. the lawsuits from more than a dozen _ new york. the lawsuits from more than a dozen states - new york. the lawsuits from i more than a dozen states argue tiktok was deliberately designed to keep young people hooked on the service. the massively popular video app is used by half of america. a new york attorney general claims beauty filters which make users appear thinner and younger have
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been particularly harmful to young girls on the app, causing body image issues and encouraging eating disorders. she says the social media put profits ahead of its user�* wellbeing. profits ahead of its user' wellbeing.— profits ahead of its user' wellbeing. profits ahead of its user' wellbeina. ~ ., ., , ., . wellbeing. we wanted to protect children. it's _ wellbeing. we wanted to protect children. it's as _ wellbeing. we wanted to protect children. it's as simple - wellbeing. we wanted to protect children. it's as simple as - children. it's as simple as that _ children. it's as simple as that. nationwide, children and teens— that. nationwide, children and teens are_ that. nationwide, children and teens are struggling with high rates — teens are struggling with high rates of— teens are struggling with high rates of depression, anxiety, suicidal— rates of depression, anxiety, suicidal thoughts, rates of depression, anxiety, suicidalthoughts, suicidal ideation and other mental health_ ideation and other mental health issues largely because of social_ health issues largely because of social media.— of social media. what has tiktok said? _ of social media. what has tiktok said? a _ of social media. what has i tiktok said? a spokesperson of social media. what has - tiktok said? a spokesperson for the video app told the bbc we strongly disagree with these claims, many of which we believe to be inaccurate and misleading. adding: they're trying to force the company to change its behaviour. and are asking for financial penalties to be imposed. today's lawsuit is the latest attempt to hold a social media company accountable for contributing to a teen mental
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health crisis. and it comes as tiktok�*s future in the us is on the line. a us ban of the popular video app is meant to go into effect injanuary. unless the company severs ties with its chinese parent company. there's a lot at stake for tiktok. company. there's a lot at stake fortiktok. let's company. there's a lot at stake for tiktok. let's go live to los angeles and bring in our technology reporter. she's just written a book about the impact of social media called extremely online. welcome to the programme. do we know — i done expect you to know this, butjust in case — what changes they're asking tiktok to make? yeah. they're actually super unclear. listen, we know from scientific research there is scientific research there is scientific consensus around the issue. every single top researcher that studies the effect of social media on children has come out time and time again and said that social media use is not a significant
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driver of the childhood youth mental health crisis. so these laws whip up a lot of frenzy but it's unclear what they really want. you mentioned beauty filters. they're on every single social media app. can i repeat what you just said there? your saying the science so far does not show cause and effect? ~ , ,., , �* effect? absolutely. and actually _ effect? absolutely. and actually a _ effect? absolutely. and actually a bunch - effect? absolutely. and actually a bunch of - effect? absolutely. and - actually a bunch of researchers have been so incredibly vocal about that. you know, just several months ago a bunch of top researchers at places like unc, princeton and others, issued an 82—page report outlining how they believe we're in the midst of a moral panic around kids and technologies. that is not to say you should allow your kids to have unlimited screen time. the impact using some of these apps are having isjust the impact using some of these apps are having is just wildly overblown. and it's focusing on platforms like tiktok as a
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problem. it sees, researchers have said make it so that the real causes of this mental health crisis remain ignored. what are those causes then? because there is a mental health crisis among teenagers. self—harming and all sorts of behaviour is growing extremely and even suicide at the extreme. if we can't blame social media or tiktok or instagram, what can we blame? i think this is the problem. these are really easy scapegoats and they, blaming them requires no broader systemic change. you can point to the boogie man over there. these researchers have said time and time again, i've interviewed many of them and covered this extensively, the problems are systemic and there's huge wealth economic drivers of this. there are broader cultural society drivers of this. kids today have far less free time. they're inundated with far more work, extra curriculum pressures. there's so many
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different factors that are causing this. i mean, also we have gun control issues. children are very traumatised ljy children are very traumatised by the constant school shootings we have. there's lots going on here. shootings we have. there's lots going on here-— going on here. there is a lot auoin going on here. there is a lot going on- — going on here. there is a lot going on. thank _ going on here. there is a lot going on. thank you - going on here. there is a lot going on. thank you for - going on here. there is a lot i going on. thank you forjoining us. good to get your take on that story. let's stay with social media because x is available to people in brazil once again, after the country's supreme court lifted a ban it imposed last month. elon musk had been locked in a feud over misinformation and hate speech on the platform. mr musk accusing brazil of censorship. more now from san francisco. brazil's supreme court is giving x the right to return to brazil after a stand—off with elon musk. that stand—off played out over many months and culminated this summer with the company's decision to pull its legal representative in the country and refusing to pay a
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series of fines that have been levied against it. x and musk apparently capitulating on both those fronts. the biggest concession is the company's decision to start blocking a series of accounts on x that have been probed for spreading misinformation and hate speech on the platform in brazil. initially musk had called it censorship. this is the issue that got twitter, now x, into hot water in brazil in the first place. brazilian authorities ultimately holding firm and getting their way on that issue. so here we are, many months later, and x poised to return. this is a very big market for x. this is the company's sixth largest market in the world. it has more than 20 million users on the platform throughout the country. platform throughout the count . ., ., , platform throughout the count. ., �*, country. now to germany. it's known as— country. now to germany. it's known as the _ country. now to germany. it's known as the economic - known as the economic powerhouse of europe but it seems once again that engine is
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stalling. the german economy ministry is due to give its updated forecasts for the year in the next few hours. and it is expected to warn the economy will shrink again this year for a second year in a row. last year germany was the only major advanced economy to contract as it struggled with a fall in export orders and soaring energy prices. we have a chief economist with us now. in vienna, joining us live today. good to see you. talk us through what's going on in germany? the industrial powerhouse of europe is having a really tough time.— a really tough time. good morning- _ a really tough time. good morning. yes, _ a really tough time. good morning. yes, the - a really tough time. good i morning. yes, the industrial powerhouse of europe is having a tough time. exports to china are falling. exports to the us are falling. exports to the us are also now no longer rising. the country has high energy costs. and overbearing bureaucracy. it has elevated
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uncertainty about the cause of economic policy in a country that does not allow itself any fiscal space due to its own domestic rules on fiscal pall all that adds up through a combination of consumers holdingback on spending and especially businesses holding back on investment at a time when exports are facing a tough time. is when exports are facing a tough time. , , . when exports are facing a tough time. , ,., , when exports are facing a tough time. , , ., , .,, ., time. is this a problem of germany _ time. is this a problem of germany - _ time. is this a problem of germany - in _ time. is this a problem of germany - in the - time. is this a problem of germany - in the last - time. is this a problem of. germany - in the last decade time. is this a problem of- germany - in the last decade or germany — in the last decade or so — resting on its laurels and not focusing on the future and where it needs to be in ten, 20 years' time, butjust enjoying being in leadership in the car industry for so long?- industry for so long? yes. germany _ industry for so long? yes. germany has _ industry for so long? yes. germany has been - industry for so long? yes. germany has been resting industry for so long? yes. i germany has been resting on its laurels for too long. in the last decade, germany was the powerhouse of europe. it enjoyed a golden decade of good growth. a golden decade of very low unemployment. that is the
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country then focused on issues, including of course the well—needed climate protection. it did not focus at all on making itself more competitive. germany was like a european champion in sport who having won the championship, simply stopped training for the next race. and as a result, now it is lagging behind. 0n the good side, the political scene in germany has woken up to the fact that the country does need reforms. unfortunately there is currently some political deadlock which means ahead of the next election in one year's time, we will probably not see major change yet. we time, we will probably not see major change yet.— time, we will probably not see major change yet. ma'or change yet. we will speak to major change yet. we will speak to ou major change yet. we will speak to you again _ major change yet. we will speak to you again soon, _ major change yet. we will speak to you again soon, i'm _ major change yet. we will speak to you again soon, i'm sure. i to you again soon, i'm sure. thank you for your time this morning. now to china where stock markets have slumped in morning trade following a volatile day yesterday. tourism shares are among the big losers today after data shows spending during the golden week holidays has still not recovered to
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pre—covid levels. it comes after disappointment on tuesday the government did not announce further stimulus measures. china's chief economic planning official did say they're confident the economy will hit its 5% growth target this year. investors though are not convinced. let's unpack this with anna mcdonald. joining us from edinburgh. good morning to you, anna. there's a lot going on enchina right now because we've mentioned tourism stocks are down. there's a general negativity on markets today. but also as well other stocks that are losing ground in europe are people who export to china because of tariffs. talk us through the issues?- china because of tariffs. talk us through the issues? yep. two weeks ago _ us through the issues? yep. two weeks ago china _ us through the issues? yep. two weeks ago china announced i us through the issues? yep. two weeks ago china announced an i weeks ago china announced an initial raft of stimulus measures. things like cutting interest rates and the amount of capital the banks have to hold. that led to a really rapid rally in the stock market — about 30% — it had been a poorly performing stock until then. as you mentioned that has
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petered out with a lack of further detail around stimulus measures. and i think what we've seen is that we don't think those measures are going to be enough to really boost the chinese economy which is dominated maybe about a quarter, a third of it by the property market. and that has beenin property market. and that has been in a prolonged down turn. in order to get those clinies consumers spending again, they need to feel that is coming to an end. and the fact that beijing is not keen to do direct policy measures, they're, that's notten their playbook to do the kind of fiscal stimulus that we've seen in our economies over, during the pandemic for example. we arejust seeing a the pandemic for example. we are just seeing a prolonged down turn, particularly in deflation and in manufacturing sector which is hitting the economy and i think that needs to turn around. it’s to turn around. it's interesting - to turn around. it's| interesting because to turn around. it's interesting because although the authorities in china say we're going to hit 5% growth
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this year, the world bank is not so sure. there's always concern about their statistics they release anyway. how genuine they are. if you've got germany in recession, you've got china sort of bumping along, its not looking good for the global economy. i know the us is in a much better position but your thoughts on the overall picture? i position but your thoughts on the overall picture?— the overall picture? i think selectively _ the overall picture? i think selectively there _ the overall picture? i think selectively there are i selectively there are interesting companies who invested in china. the ones, there are some with significant presence in economies such as the us. but, yes, wove got this issue now with chinese manufacturing, they are producing some very good value electric vehicles and trying to export those around the world. that's hitting the german markets as you've seen. so the trade tensions are definitely ramping up. it's a big topic of conversation around the us elections. wore having, you talked about germany already. germany and france are at loggerheads about what to do
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with tariffs on these electric vehicles. this is i suppose what we could tell is that the way that we could work out how this is really globally affecting us is commodity prices are not moving quoit as much as you would have thought if the economies were, manufacturing economies in the world such as china and germany were really growing. thank you, again. see you again soon. in japan, and shares, the owner of 7—eleven havejumped japan, and shares, the owner of 7—eleven have jumped again after it reported it received another takeover offer from a canadian rival. last month 7—eleven rejected the $38 billion initial approach. what's the latest? that report
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was by bloomberg which basically says that the new offer, at more than $47 billion. that's about 20% higher than that original offer that 7—eleven rejected. saying it undervalued the company. i contacted the japanese company and it says it has no comment at this point but it's reportedly been trying to defend itself. for example, it was added to the japanese government's list of core businesses that are crucial to the country's national security. so that basically means that a bidder will have to be vetted by the japanese authorities even before an agreement is reached. it's also been reported that 7—eleven has approached potential buyers for stores and supermarkets, as well as its stake in the bank. the aim is to focus on its profitable convenience store business which is something they have been pressuring the
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company to do for many years. maybe this buy out offer has made the company realise the importance of commanding a higher valuation after the report of sharesjumping higher valuation after the report of shares jumping by 8% and still trading about 5% higher. so we'll see if we get any comments from both companies. any comments from both companies-_ any comments from both companies. any comments from both comanies. ., ~' . companies. thank you so much. other business _ companies. thank you so much. other business stories. - companies. thank you so much. other business stories. the i companies. thank you so much. other business stories. the us| other business stories. the us justice department is considering legal action to break up google in a court filing. prosecutors say they may seek to force the tech giant to sell off parts of its business to help it maintain a monopoly. it's among the potential remedies of the landmark case against google. the doj is expected to foil a more detailed proposal with the court by november 20. boeing's withdrawn its pay offer to 33,000 striking workers, saying further negotiations with the union do not make sense at this
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point. boeing says the demands are far in excess of what can be accepted if we are to remain competitive as a business. the month—long strike has shut down two main assembly plants, threatening to derail boeing's plans to turn around its business. the uk's railway line is likely to be extended to london. the transport secretary has signalled. it would make absolutely no sense to have the high speed route terminate in west london, it's been said. her comments came after work to expand the station to comidate hsz expand the station to comidate hs2 was halted by the previous conservative government last year because of mounting costs. china's ipposed taxes on imports of european brandy in a move french say would be catastrophic for the industry. it could see prices for the likes of famous brands go up by some 20% in china. france has accused beijing of retaliation
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this time yesterday we were hearing from a french winemaker struggling with the effects of extreme weather but climate change is having the opposite effect in scandinavia. the nordic countries are now emerging as new frontier in wine making. adrian murray has more. more than 10,000 vines are growing on this danish hillside. scandinavia is hardly known as a prime wine growing region, howeverthis known as a prime wine growing
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region, however this small but growing wine industry is starting to flourish. a wave of nordic winemakers now stretches well into sweden, with the world's northern up in norway. this winery started 13 years ago. this winery started 13 years a a 0. ., , this winery started 13 years aro, ., , ., ., this winery started 13 years auo. . ., ., ago. people have found out it is possible — ago. people have found out it is possible to _ ago. people have found out it is possible to grow— ago. people have found out it is possible to grow wine i ago. people have found out it is possible to grow wine in i is possible to grow wine in denmark. newcomers are coming every year. denmark. newcomers are coming every year-— every year. here it is mostly white wine. _ every year. here it is mostly white wine. the _ every year. here it is mostly white wine. the grape i every year. here it is mostlyl white wine. the grape thrives in this cooler region. their winery sells locally and supplies high end restaurants in the capital. brute supplies high end restaurants in the capital.— supplies high end restaurants in the capital. we were making 'ust in the capital. we were making just 3,000 — in the capital. we were making just 3,000 bottles _ in the capital. we were making just 3,000 bottles a _ in the capital. we were making just 3,000 bottles a year- in the capital. we were making just 3,000 bottles a year and i just 3,000 bottles a year and now 20,000 bottles. commercial wine growing _ now 20,000 bottles. commercial wine growing has _ now 20,000 bottles. commercial wine growing has been _ now 20,000 bottles. commercial wine growing has been allowed i wine growing has been allowed forjust wine growing has been allowed for just over two wine growing has been allowed forjust over two decades and now denmark has 150 vineyards. traditionally grapes grow well in southern europe but more frequent extreme weather events have affected harvests. temperatures in denmark have risen almost two degrees over the last 50 years. resulting in
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milder winters and a longer fruit growing season. experts say climate change is pushing wine production further north and south in each hemisphere. but in scandinavia, wine making is largely driven by the availability of hardier breeds of grapes. brute availability of hardier breeds of grapes-— availability of hardier breeds oft-raes. ~ , ., of grapes. we see wine growing movin: of grapes. we see wine growing moving buzz _ of grapes. we see wine growing moving buzz of— of grapes. we see wine growing moving buzz of climate - of grapes. we see wine growing moving buzz of climate change. | moving buzz of climate change. have moved into belgium. maybe even the netherlands, and parts of germany. you go further into northern germany and scandinavia, it is driven by this. ., ., , , this. cultivation here is still small scale. _ this. cultivation here is still small scale. but _ this. cultivation here is still small scale. but as - this. cultivation here is still small scale. but as local. this. cultivation here is still. small scale. but as local wine making takes off, will consumers be convinced to buy it? i consumers be convinced to buy it? , ., , ,., consumers be convinced to buy it? , ., ., it? i see it as some way to go. if ou it? i see it as some way to go. if you buoy — it? i see it as some way to go. if you buoy a _ it? i see it as some way to go. if you buoy a french _ it? i see it as some way to go. if you buoy a french wine i it? i see it as some way to go. if you buoy a french wine and| it? i see it as some way to go. | if you buoy a french wine and a deigns wine, the danish wine is
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still too expensive compared to the french wine. it still too expensive compared to the french wine.— the french wine. it won't rival france any — the french wine. it won't rival france any time _ the french wine. it won't rival france any time soon - the french wine. it won't rival france any time soon but i france any time soon but perhaps in the years ahead sipping glasses of scandinavian plonk won't be such a novelty. well, what better to go with a glass of winethen a nice piece of cheese but if you're a fan of cheese but if you're a fan of england's famous stilton blue cheese you could be in for a shock. some in the industry are warning stilton could disappear all together amid falling sales among young people. let's go to yorkshire now and speak to the co—owner of the courtyard dairy which has been named cheese monger of the year. has been named cheese monger of the ear. ., ~ has been named cheese monger of the ear. ., ,, , ., has been named cheese monger of the year-_ do _ has been named cheese monger of the year-_ do you - has been named cheese monger of the year._ do you do i the year. thank you. do you do a stilton? _ the year. thank you. do you do a stilton? we _ the year. thank you. do you do a stilton? we don't _ the year. thank you. do you do a stilton? we don't do - the year. thank you. do you do a stilton? we don't do a - the year. thank you. do you do a stilton? we don't do a blue i a stilton? we don't do a blue cheese but —
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a stilton? we don't do a blue cheese but a _ a stilton? we don't do a blue cheese but a lot _ a stilton? we don't do a blue cheese but a lot more - cheese but a lot more traditional cheeses that you can see here which have mould on the outside and sell an awful lot of blue cheeses, including stilton types. what are ou including stilton types. what are you seeing _ including stilton types. what are you seeing in _ including stilton types. what are you seeing in turps i including stilton types. what are you seeing in turps of. are you seeing in turps of demand? there's less demand for that kind of cheese? i demand? there's less demand for that kind of cheese?— that kind of cheese? i think a lot of the _ that kind of cheese? i think a lot of the traditional - that kind of cheese? i think a lot of the traditional british i lot of the traditional british cheeses across the range, are less popural than kind of the new artisan ones which are come on the market. i don't think it's necessarily to do with the flavours. but people are looking for different things at the moment. 50 looking for different things at the moment.— looking for different things at the moment. so is the stilton at risk? i— the moment. so is the stilton at risk? i think— the moment. so is the stilton at risk? i think stilton - the moment. so is the stilton at risk? i think stilton has i at risk? i think stilton has been around _ at risk? i think stilton has been around for _ at risk? i think stilton has been around for hundredsj at risk? i think stilton has i been around for hundreds and hundreds of years. i know that it will always exist. it is a bit, always had a problem with it being a christmas cheese and that's throughout the year, maintaining the sales have always been difficult for stilton. and i think it's been a little bis exacerbated by a downturn in restaurants where a
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lot of the fancy, lovely rich different cheeses are mainly consumed in the uk. we don't consumed in the uk. we don't consume cheese quite like the french. do you export your cheeses? no. we are a small producer. woe have stayed locally. producer. woe have stayed locall . ., producer. woe have stayed locall. ., , ., locally. how has it been going? it's been tough _ locally. how has it been going? it's been tough hasn't - locally. how has it been going? it's been tough hasn't it - locally. how has it been going? it's been tough hasn't it with i it's been tough hasn't it with the cost of enough gredients and everything going up, and energy and everything else? yeah. energy, milk, labour, the cost of cheese over the last two or three years has gone up 10% or 15%. it is difficult to get people to trade up and enjoy a real special cheeseboard, rather than commodity foods, really. what's our best commodity foods, really. what's your best cheese? _ commodity foods, really. what's your best cheese? what - commodity foods, really. what's your best cheese? what won i commodity foods, really. what's| your best cheese? what won you that award as the cheese monger of the year? what's your best cheese? , ., of the year? what's your best cheese? , . , ., ., ., cheese? they gave us an award for dedication _ cheese? they gave us an award for dedication to _ cheese? they gave us an award for dedication to locality - cheese? they gave us an award for dedication to locality and i for dedication to locality and seasonality. being from yorkshire, you can't go far
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wrong with some fruit cake. sounds fantastic. thank you for getting up. would you be up at this time or not? i getting up. would you be up at this time or not?— this time or not? i love cheese makin: this time or not? i love cheese making and — this time or not? i love cheese making and i'm _ this time or not? i love cheese making and i'm up. _ this time or not? i love cheese making and i'm up. we - making and i'm up. we appreciate _ making and i'm up. we appreciate you - making and i'm up. we appreciate you stopping work. downing tools for us for a few minutes. all the very best. thank you. minutes. all the very best. thank you-— thank you. i'm thinking of wallace and _ thank you. i'm thinking of wallace and gromet. i thank you. i'm thinking of| wallace and gromet. there thank you. i'm thinking of- wallace and gromet. there you are. i'm not going to say anymore. let's show you financial markets. we were talking about how things have been going today. japan up by 0.8%. hong kong down by 1.4%. mainland china seeing a lot of losers today. it's so volatile at the moment these markets. and you can see the yen at the bottom as well. and the price of oil. that's mr from me. thank you for —— that's all from me. thank you for your company. i'll see you soon. hello.
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tuesday brought no shortage of heavy downpours to many parts of the uk, but over the next couple of days, things are going to be turning just a little bit drier — at the same time, though, as northerly winds develop, it will also turn colder. low pressure is still in charge of the scene right now, this low still bringing some outbreaks of rain for parts of the uk. this deep low, ex—hurricane kirk, thankfully staying well away to the south of us, bringing some very wet and very windy weather to northern parts of spain. back home, some outbreaks of rain, mostly quite patchy, quite showery in nature, but the odd heavy burst across northern england, up into eastern scotland, rather cloudy and damp for parts of wales, the north midlands. northern ireland seeing a lot of clouds, some spots of rain and drizzle, as well. further south, south wales, southern england, a mix of sunny spells and showers, 16 or 17 celsius, but northern scotland turning brighter but colder later in the day, as these brisk northerly winds kick in, could even see some wintry showers over high ground in northern scotland,
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because temperatures really will be dropping away through wednesday night, into the first part of thursday, with a frost across parts of scotland. a little bit milder, further south, first thing on thursday, but through the day, this cold air will be moving its way southwards, so a very different feel to the weather, but actually, things don't look too bad. certainly a drier day in prospect, some good spells of sunshine, just a few showers around western and eastern coasts, where it will be quite windy for a time. still the potential for some wintriness mixing in with the showers over the very highest ground in northern scotland. but these are the afternoon highs — 8 to 13 celsius at best. could well see a frost in parts of england and wales to start friday morning. here, though, we should see some good spells of sunshine. northern ireland not looking too bad, but we will see cloud and patchy rain getting into the northwest of scotland. still feeling a little bit on the chilly side — 8, 9 celsius in the far north of scotland, 12, 13 for south wales and the south of england.
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good morning, welcome to breakfast with sally nugent and jon kay. 0ur headlines today. a life or death choice — millions are urged to evacuate as hurricane milton heads towards florida. authorities say the storm surges are not survivable. post office chief executive nick read is due in front of the public inquiry into the horizon it scandal today. delays, roadworks and trafficjams — familiar frustrations for drivers. and now the best and worst motorways have been named in a transport survey. i'll reveal which ones they are. after reaching their fundraising target to get to the amputee world cup in colombia we catch up with the lionesses as they prepare for the tournament with a former england captain. having been invited to chelsea's training ground, they watched chelsea women in action last night as they beat real madrid in the champions league, with the team bidding to win the trophy for the first time.
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