new oligarchy taking shape in america. it literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead. we see the consequences all across america, and we've seen it before. south korean authorities have paused questioning impeached president yoon, as a court decides whether his arrest was appropriate. these are live pictures from hawaii's kilauea volcano which has erupted for the fourth time in three weeks. hello and welcome, i'm sally bundock. political leaders have welcomed a ceasefire agreement and hostage release deal between israel

and hamas raising hopes of an end to 15 months of war. it will come into effect on sunday. there have been celebrations in gaza, with cheering crowds holding palestinian flags even as israeli air strikes were reported elsewhere in the territory. the families of israeli hostages expressed overwhelming joy and relief as well as anxiety that the deal might not be fully implemented. phase one of the deal will begin on sunday. during a six—week initial ceasefire, hamas will release 33 israeli hostages made up of women, children and the elderly. some palestinians held in israeli prisons will be freed in return. israeli troops will partially withdraw from gaza, and some displaced palestinians sheltering in southern gaza will be allowed to return to the north. humanitarian aid trucks will be allowed in to deliver relief. negotiations for the second phase

will begin 16 days into the deal, but should see the remaining hostages released, a full israeli troop withdrawal, and a "sustainable calm". the final phase would see the beginning of gaza's reconstruction and the return of remaining hostages�* bodies. let's get the latest from our international editor, jeremy bowen. in the streets of khan younis in gaza, overwhelming relief that they are alive, and hope, too, that the nightmare of this war might be over. translation: when they announced that there is a ceasefire, _ we felt happy and relieved. the pain has disappeared a bit, even though the pain is still present. but hopefully, joy will overcome the pain. some weapons, some defiance were on show, but hamas is a shadow of what it was when it attacked israel on the 7th of october, 2023. and in tel aviv it is also

a bittersweet moment for the families and supporters of israeli hostages, living and dead. 33 women, older men, and the sick and wounded, are due for release in the next six weeks in return for hundreds of palestinian detainees and prisoners. but the future of the rest of the hostages depends on more negotiations. i really wait for this very, very needed thing to happen, for the war to stop, for the hostages to come home. in washington, president biden took credit for a diplomatic victory, celebrated america's support for israel, and said the war had transformed the middle east for the better. there's a genuine opportunity for a new future. in lebanon, there is an opportunity forfuture free from the grip of his brother. in syria, a future free from the tyranny of assad. and for the palestinian people, a credible, a credible pathway, to a state of their own. with gaza in ruins, the president's point, that the palestinians have a path to their own state, is wishful thinking.

israel's government says security depends on military power, not allowing palestinian independence. after 15 months of war in gaza, the conflict, which has lasted more than a century, is as bitter and intractable as ever. with luck, the ceasefire will end this war. it does not end the conflict. the consequences of so much destruction and death will be felt for a generation at least. jeremy bowen, bbc news, jerusalem. with me is mohamed taha from bbc arabic. good morning. tell us more about what has been happening overnight. of course there have been celebrations but also more firing going on in gaza?— celebrations but also more firing going on in gaza? indeed, there is that atmosphere _ going on in gaza? indeed, there is that atmosphere of— going on in gaza? indeed, there is that atmosphere of joy _ going on in gaza? indeed, there is that atmosphere of joy and - going on in gaza? indeed, there is. that atmosphere of joy and caution, that atmosphere ofjoy and caution, at the same time, so the joy for

this big moment is that the people in gaza and israel waited so long, 468 days of devastating war, but cautious because israel continued their strikes against gaza, more than 30 people died in a different parts of gaza, putting the number of people who died in the last 20 four hours to 80. people in gaza are tied and that, they might be expecting more until the ceasefire comes into force on sunday.— force on sunday. there are lots of conversations _ force on sunday. there are lots of conversations about _ force on sunday. there are lots of conversations about the _ force on sunday. there are lots of conversations about the deal - force on sunday. there are lots of conversations about the deal and | conversations about the deal and what it looks like and the various phases, there is a real concern that faith you might mean a return to conflict, the fighting might return in phase two, what you hear about the expectations?— in phase two, what you hear about the expectations? people expect that it is the end of _ the expectations? people expect that it is the end of the _ the expectations? people expect that it is the end of the war. _ the expectations? people expect that it is the end of the war. the - the expectations? people expect that

it is the end of the war. the main - it is the end of the war. the main guarantor of the ceasefire is president trump who will be sworn in on sunday. he's very keen for the ceasefire to happen. we saw the administration of president biden tried to seal the deal for months and they couldn't, but by combining the efforts of the two administrations, they managed to do that. there is a lot of anticipation that. there is a lot of anticipation that there will be lots ofjoy and welfare in the middle east to come. the negotiation will never stop, they continue negotiations today and tomorrow until the end of the 42 days of the first phase of this deal, whereby the end of it, 33 hostages should be released. and more than 1600 presence in the prisoners will be released. and

there will be full israeli withdrawal from the inhabitable area in gaza, working towards a sustainable ceasefire, walking working towards 608 tracks today —— regrow 680 tracks per day. we working towards 608 tracks today -- regrow 680 tracks per day.— regrow 680 tracks per day. we are lookin: at regrow 680 tracks per day. we are looking at live _ regrow 680 tracks per day. we are looking at live pictures _ regrow 680 tracks per day. we are looking at live pictures of- regrow 680 tracks per day. we are looking at live pictures of khan - looking at live pictures of khan younis. let's bring injon donnison, our correspondent injerusalem. tell our correspondent in jerusalem. tell us our correspondent injerusalem. tell us more about the reaction where you are. we saw the families in tel aviv all gathering with this news of a ceasefire coming through, the hope that their loved ones will be coming home soon. it’s that their loved ones will be coming home soon-— that their loved ones will be coming home soon. �*, . , , ., home soon. it's a bittersweet moment for those families, _ home soon. it's a bittersweet moment for those families, obviously _ home soon. it's a bittersweet moment for those families, obviously there - for those families, obviously there is huge relief that this long—awaited deal has finally been done, but their loved ones are not out of gaza yet. we expect the first

three israeli hostages to be freed on sunday, when this ceasefire comes in. one hamas official has said the deal could actually start as early as tonight, there are apparently talks ongoing at the moment to see if it could be brought forward from sunday. and also this morning we do have to have the official sign off from israel's cabinet. they are due to meet in a few hours' time, and there are a number of hardline right—wing ministers within the cabinet you have said that they will quit the government possibly forcing elections here in israel if the deal goes ahead. however they cannot block it if prime minister netanyahu wants it to happen. and the indications are that he does now want that deal to go through. so we have got a moment of hope, moment of relief in gaza, and here in israel, but there are still difficult weeks,

difficult negotiations still to come. especially when it comes to moving from that first phase of the deal which will last six weeks to the second phase. find deal which will last six weeks to the second phase.— the second phase. and those negotiations _ the second phase. and those negotiations start _ the second phase. and those negotiations start very - the second phase. and those negotiations start very soon, i the second phase. and those - negotiations start very soon, don't they, just 16 days into the ceasefire. they begin to negotiate again about phase two, is that correct? ., �* , ' ~ again about phase two, is that correct? . �*, ' ~ correct? that's right, 16 days in, the negotiations _ correct? that's right, 16 days in, the negotiations about _ correct? that's right, 16 days in, the negotiations about phase - correct? that's right, 16 days in, the negotiations about phase to | the negotiations about phase to start. phase two is must must less clear that the first phase, the first phase lasts six weeks, we are going to seat 33 israeli hostages being freed in exchange for palestinian prisoners, and israeli forces withdrawing from some built—up areas in gaza and hopefully a lot more humanitarian aid going in. the second phase isjust how extensive the israeli pull—out is going to be, and what will be the schedule for bringing out those

remaining hostages but that is all still to be negotiated. then there is phase three, that is the reconstruction of gaza. and the big question, and it has not been answered, is who is going to run gaza if it is not hamas. they may be massively diminished, but they are still really the only authority operating in gaza at the moment. thank you very much, jon donnison in jerusalem. sir keir starmer is in ukraine on his first official visit since becoming british prime minister. he's planning to sign what downing street is calling a landmark, hundred—year partnership which formalises and builds on economic and military support for kyiv. sir keir previously visited ukraine when he was leader of the opposition in 2023, and has hosted president zelensky twice at downing street since entering office. president biden has warned americans about the dangerous concentration of power in the hands of a few rich people as he delivered

his farewell address, four days before leaving office. he said institutions that govern a free society are being threatened. today an oligarchy is taking shape in america of extreme wealth, power and influence, that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead. we see the consequences all across america, and we've seen it before, more than a century ago. but the american people stood up to the robber barons back then, and busted the trust. they didn't punish the wealthy, theyjust made the wealthy play by the rules everybody else had to. our reporter merlyn thomas sent us this report. you would expect an outgoing president to spend most of their farewell address talking about a

long list of the accomplishments they achieved in office. this was a major departure from that. president biden used it to sound the alarm to the american people, to issue some mornings, namely of an oligarchy that was taking shape in america of extreme wealth, power and influence and that was threatening the erosion of democracy, that's what he said. he did not name any names, but he was indirectly taking a hit at president—elect donald trump is my close circle, for example people like elon musk, the billionaire. and he also echoed warnings of president eisenhower who talked about the military—industrial complex and mr biden talked about the tech complex and said the americans were under an avalanche of misinformation and said the truth was being smothered. the indirectly referring to meta saying they were getting rid of fact

checkers. and he talked about the struggle for the soul of america, this is something he started his presidential campaign with a now how he is ending his presidency as well. and finally he handed over the reins to the american people and said it was their turn to be the keepers of guards and liberty. let's get some of the day's other news now. denmark's prime minister has reminded donald trump in a phone call that greenland is not for sale. metta frederiksen told the us—president elect it was up to the territory to decide its future, days after his remarks about taking control of the island. the german cabinet has approved draft rules that would allow the army to shoot down drones that threaten people's lives or critical infrastructure, as a last resort. current laws only allow the authorities to repel drones, fire warning shots or force them to land. cuba has begun releasing prisoners, a day after president biden removed the communist—ruled island from the list of state

sponsors of terrorism. the deal, brokered by the vatican, will see cuba release more than 550 prisoners. the canadian rapper drake has filed a lawsuit against universal music group, alleging that it promoted a song by his rival, kendrick lamar, containing a false accusation that drake is a pedophile, thereby knowingly marketing a false and dangerous allegation. umg has denied the accusation. around the world and across the uk. this is bbc news.

strong winds across los angeles have calmed in a respite for firefighters tackling wildfires that have engulfed the city for more than a week. the two largest fires, the palisades and eaton fires continue to burn as the authorities work around the clock to try and contain the spread of the flames. at least 2a people have been killed and thousands of properties

have been left in ruins. the mayor of los angeles karen bass has warned that the city is not out of the woods. david acuna david acu na is david acuna is a battalion chief at the california fire department and talked me through the latest. the winds will slow down, which has allowed us to begin serious containment issues. however, one of the problems that we continue to have fires throughout the entire region from most of southern california was under this red flag warning. and we've had several fires throughout the region in various counties that we've been able to catch quickly because we have a lot of resources pre—positioned there. in the meantime, for the two main fires, the palisades and the eaton, we are working through containment, but we're also moving into our suppression repair, which is where we go and make sure that all the drainages are cleared, because if we get rains and when we get rains, i sure hope, we want it to run down

in a safe manner instead of turning into mudslides. and what is the latest when it comes to those who have been evacuated from their homes, who are waiting and wanting desperately to return to see what has happened? i completely understand and empathise with people who want to return quickly. however, we have four concerns out there. first of all, there are still power lines in the middle of the road and we don't know if they are energised or not and somebody stepping on that would be fatal. second, the gas lines, the natural gas lines are still not all repaired, and so that is a significant hazard. third, there are some buildings that are still standing with maybe one wall. if those collapse, there will be a serious safety threat. and finally, there is toxic ash all throughout the area. they're trying to make sure there's clean ups, or at least masks, in order to protect those who are able to return to their homes. i know there was huge relief that the high winds that were forecast this week did not materialise on tuesday and wednesday, but still,

it's enormously challenging for you all. are you still getting help from outside the state and elsewhere? we absolutely are. in fact, we're getting help from nearly every state west of the mississippi river. canada, mexico and many other countries have all sent firefighters to assist with the process, which is giving ourfirefighters that were on the line from moment one some welcome relief. however, we are not letting our guard down because we need to be diligent. all of these new fires that keep popping up, we're attacking them, knocking them down vigorously so that we can make sure we don't have a great extension, as we've already seen. a small animated film from latvia about a cat has emerged as a major contender in awards season. yesterday it received two bafta nomination in london and in los angeles it has made history by becoming the first film from latvia to be

shortlisted for an oscar. critics think it has themes that may resonate with oscar voters in hollywood whose lives have been affected by the wildfires. from new york, tom brook reports. flow is an ingenious animation featuring a cat battling catastrophe who learns to rely on others. this critically praised film has no dialogue. it's set in a world of animals where humans are not present. flow is an animated film about a cat who is afraid of water, and there's a big flood that destroys the cat's home, and it ends up in a small boat with a group of other animals, and they don't really get along. and what's unique about flow that they don't speak this is a real animals behaving like animals. audiences have found much in this animation to savour. it's not hand—drawn

classic 19405 walt disney style animation. it it looks like what it is, which is an inexpensive computer software programme. the directorjust used an open source software, a bit of a breath of fresh air compared to other loud and histrionic animated films that make a lot of money. flow can be understood as a cautionary tale, warning of the perils of climate change. but for the director, it's more personal, his take on how animals might interact under apocalyptic circumstances. flow has made history by making it onto the preliminary oscar shortlist for best international film, a distinction latvia has never held before. although the director worked with an orchestra for the score, the production was very modest. this is not a studio film, yet in terms of awards recognition, the picture has outdone some hollywood heavyweight animated movies. is there anything about the film that makes it distinctively latvian? well, this main character is a cat who's very, like, um,

independent and wants to do things its own way. and it can be a little bit introverted, at least in the beginning of the story. and i think latvians are a bit stubborn like that. they're independent and like, and it's also just my story. so at the core, it's a personal story. to its credit, flow doesn't have a neat happy ending. it's a more complex story, but it's an inspiring work. and whatever happens in the awards sweepstake, flow has already made its mark. a small animation from latvia with no dialogue, in which many have found great beauty and hope. tom brooke, bbc news, new york. south korean authorities have paused questioning the country's impeached president, yoon suk yeol as a court in seoul decides whether his

arrest was appropriate. yoon was detained on wednesday after a dramatic stand—off between police and his security team. lawyers for the president said he would not take part in any further questioning due to ill health. separately, south korea's consitutional court will continue its hearing into whether to uphold yoon�*s impeachment. live now to seoul and our correspondent, shaimaa khalil, who is outside the constiututional court. every twist and turn you are a cross for us so what is the latest? the latest is that _ for us so what is the latest? the latest is that this _ for us so what is the latest? tue: latest is that this has for us so what is the latest? tte: latest is that this has been for us so what is the latest? tt2 latest is that this has been 24 latest is that this has been 2a hours of high drama, high emotions. you can argue that for the past two months, really. the impeachment trial hearing, the impeachment one, the first time we are hearing arguments on all side is under way. the legal team for the suspended president made their way in, they

are asking. we heard from a representative of the impeachment team representing the legal team. he said if martial law was successful, it would have dragged the country back into the days of military dictatorship. the constitutional court is going to hear arguments on both sides and also hear them presenting their choices for witnesses. it has about five months to decide what it is going to do. this is very consequential what happens in this building, because if the constitutional courts decide to uphold the impeachment, that triggers a snap election. if it doesn't and reinstate him, he is backin doesn't and reinstate him, he is back in power. that is going to trigger a huge reaction from the opposition and opponents and members of the public. separately we understand that the impeached president has spent the night in a solitary cell in a detention centre

in seoul, close to the building of the corruption investigation office. officials from the corruption investigation officers said they had prepared a 200 page questionnaire and that the president refused to answer even one question. so so far, he is refusing to cooperate with questioning. today he was supposed to show up for another day of questioning and he refused to do so. as it stands this is a president whose leadership, whose future is being decided in two different ways, in a criminal investigation and in a constitutional office. so far he has been impeached, detained, and he is refusing to answer questions. thank ou auain, refusing to answer questions. thank you again. we _ refusing to answer questions. thank you again, we will _ refusing to answer questions. thank you again, we will speak— refusing to answer questions. thank you again, we will speak to - refusing to answer questions. thank you again, we will speak to you - you again, we will speak to you again soon as this continues to unfold. we have got live pictures in the hawaiian national park that we

are transfixed, the kilauea volcano is once again erupting. it actually began on december 23 at the crater at the summit, caused periodically but as you can see now, it is well and truly gushing, a lava flow that with a fountain that appears to be about 200 feet high. people have gone to the scene to see what they can see. you are live with bbc news, back shortly with the business news with all the latest. the stock market having the best day on wall street this year. hello there. after a wild wintry start to the new year, the weather story has quietened down. and in fact, we had sunshine topping and tailing the country. it was warm as well in eastern scotland, 16 degrees through the afternoon on wednesday in aberdeenshire, with eight hours of sunshine in cornwall. that is because we've got

an area of high pressure with us, keeping things very quiet indeed. this weak weather front brought a little bit of showery rain into the northwest, but with light winds and clear skies, unfortunately, at this time of year, that allows fog to form. so we could have some dense fog around as we go through the early hours of thursday morning across parts of england and south wales. visibility dense in places, less than 100m, so there could be some disruption to travel first thing. this is where we're likely to see the fog. there will be quite a lot of cloud across southeast england, a murky start here, and more cloud up into the north—west. but sandwiched in between the two, where we've got those clear skies and the fog forming, temperatures may well fall just below freezing, so a chilly start to thursday as well. so as we go through thursday, the fog will gradually lift and thin. by around 11:00, we're expecting most of it to have eased away, some of the cloud across southeast england will break up, but it will stay rather grey. the best of the sunshine then sandwiched in between the two. that cloud continuing to be a nuisance across the far north—west of scotland.

where there's cloud, we'll see 9—10 degrees. under clearer skies, you've got the sunshine, but a little cooler with 6—7 degrees. now, the high pressure is starting to drift its way over into europe, allowing these weak weather fronts to push in. so there will be some showery outbreaks of rain moving their way across scotland and perhaps northern ireland. a bit more of a breeze, hopefully breaking up the cloud, allowing for some glimpses of brightness into the afternoon, but generally a quiet day for many, and temperatures again between 7—12 degrees. now, as we move into the start of the weekend, the high continues to drift its way steadily east, and so the wind changes direction a touch. we lose the south—westerly, drag in more of the southeasterly, which will block this weatherfront from making that much of an impression, and it will also make it feel a little bit colder as we go into the weekend, so temperatures falling away once again.

day since the election, reprieve for reeves. reprieve for reeves. uk government borrowing costs uk government borrowing costs fall sharply after good fall sharply after good news on inflation, news on inflation, easing the pressure easing the pressure on the chancellor. on the chancellor. but britain's stagnant economy but britain's stagnant economy is an issue that's not going away. is an issue that's not going away. also coming up — also coming up — wall street bounces back. wall street bounces back. us shares have their best us shares have their best

day since the election, as bank profits soar and rate cut hopes are rekindled.