newspapers and group newspapers and substantial damages will be awarded. we don't know the figure, we probably won't find out the figure, but substantial damages for both. prince harry has always wanted accountability, it has not been about the money for him. fix, about the money for him. a monumental victory according to the duke of sussex cos barrister. a victory for not just prince harry but for the other claimants were strong—armed into settling the many cases which we have nursing clothes. we will bring you more when we have it, but for now back to the studio.

can get much more, we have live updates. reaction from the different groups involved in this case on the news, the owner of the sun newspaper has offered a full and unequivocal apology to prince harry. hello again. we have a named storm coming our way this friday, named by the met office — it's storm eowyn. now, we could have gusts of as much as 90 mph with the exposure, also looking at severe gales, gales widespread, and met eireann have actually just upgraded their wind warning to orange. what we have today is quite a bit of cloud, still, across the south eastern quarter of the country. the rain continuing to pull away into the north sea. brighter skies follow into the west with a few showers and we're also looking at light winds today. it's going to be a cold day, following on from a cold morning, temperatures 4 to about 8 degrees. as we head on through the evening and overnight, under clearing skies,

the temperature will fall away. across eastern areas we will see some frost form, and also some patchy mist and fog. towards the west, we have got a few showers, and then we have got this next weather system coming in from the atlantic. this is not the storm — but as you can see, it is going to be a cold night wherever you are. any mist and fog will lift quite rapidly in the morning because the wind is strengthening and after a relatively dry start, in romps the rain from the west, pushing eastwards, and as it engages with the cold air in scotland, some of this will fall as snow on the mountain tops. then, on the other side of it, we are back into bright skies, but also some showers and another cold day. so, storm eowyn is developing in the atlantic. look how rapidly it moves towards us. the position of it might change a little bit yet, but it is going to bring some damaging gusts of wind — we're looking at gales, even severe gales. as i mentioned, with exposure, there's a possibility of 90mph winds. the rain will race through. for a time in the morning

we could see snow at lower levels in scotland, but the snow level rising, and as the rain rushes through, what you will find is the temperature will start to drop. so, these will be the maximum temperatures, but they will go down as we go through the course of the day. we are not finished with storm eowyn just yet, because you can see as it continues to drift north—eastwards across scotland, we are looking at gales easing from the south through the day, a ridge of high pressure further south will keep things more settled, but we do have the next weather front waiting in the wings which is waiting to bring in more rain and wintry conditions, and then the outlook remains unsettled.

the race to lead in artificial intelligence — president trump announces a half trillion dollar ai partnership with big tech. we'll be live at the world economic forum in davos to get reaction from the body's head of artificial intelligence. also in davos — chasing growth — the chancellor rachel reeves is there with the message that britain is "open for business". welcome to business today. so let's get started and once again the business news is dominated by the announcements coming from the white house. president donald trump has unveiled major new investment in artificial intelligence by the private sector. the chief executives

of open ai, oracle and the japanese investment fund softbank were with the president at the white house on tuesday afternoon to announce they will work together and raise hundreds of billions of dollars for building data centres for artificial intelligence across the us. called "stargate" donald trump said the joint venture is a "declaration of confidence in america". let's explore this more now with cathy li, head of ai, data and metaverse at the world economic forum. she's in davos this week, mixing with opinion formers — business leaders and politicians especially. let's start with the announcement from donald trump bringing together the tech bosses. what difference will it make to have that sort of leadership, and i guess the question is, the ripple effect that has in the world.- that has in the world. yeah, first of all. _ that has in the world. yeah, first of all, the _ that has in the world. yeah, first of all, the numbers - that has in the world. yeah, first of all, the numbers are j first of all, the numbers are staggering. as a matter of fact, yesterday at the forum we launched the series with al

transformation of industries, where we predicted that the ai —related spending and investment across industries is going to grow at 29%, new growth rate through 2032 to 630 billion, but i guess you will have to revise our number today after this announcement. two things i would say about that. one is, the announcement was very much about infrastructure. the infrastructure itself is not going to get the ai spending to roll as much, because for al to really take up because for al to really take up and be integrated into society we need to focus a lot more on the inference sea, the applications market, otherwise it can only grow to a certain extent. there is always a scaling know that we need to keepin scaling know that we need to keep in mind, if there are

such, it still disputable. the second thing is to focus on democratising access to the infrastructure, particularly in the global south and all those countries, so those two things are something to keep in mind. the last point you make is so important, history tells us that at a time of big revolution in tech, it falls into the hands of either the wealthy or big business. you look at what is happening with the internet, with social media. we make sure that with al we get this right and there ai we get this right and there is equitable access that technology?— is equitable access that technolo ? ., ., ., , , technology? you are absolutely riuht. we technology? you are absolutely right. we don't _ technology? you are absolutely right. we don't want _ technology? you are absolutely right. we don't want to - technology? you are absolutely right. we don't want to repeat l right. we don't want to repeat some of the lessons we have learned in the past. one thing thatis learned in the past. one thing that is unique about al is the internet did not require so much upfront investment. ai, at the beginning, it does require a massive upfront investment in computing data centres and

let's not forget about clean energy, you need green, sustainable energy to power the data centres, which, again, according to our research, the data centre —related electricity use is going to be about 3% of the total global by the end of the decade, so that kind of number if you don't manage it well is going to put immense pressure on the electricity grid, and it might stop us to integrate clean energy. all those things need to be taken into consideration. for some regions we need to think about how we can locally support all the regions to have access to compute data and talent innovation.— talent innovation. great to talk to, thanks _ talent innovation. great to talk to, thanks for - talent innovation. great to talk to, thanks for being . talent innovation. great to i talk to, thanks for being with us. certainly one for us all to watch, particularly given the big investment announcement from the white house. staying with davos, britain's chancellor — orfinance minister — rachel reeves is there today

on a mission to talk up the uk for international investment. the uk is going through a tricky period with stagnant growth and public finance borrowing burdened by high bond yields. in official data published this morning, official figures showed public sector borrowing stood at £17.8 billion pounds for the month of december. that's £10 billion higher than the same month in 2023 and the highest december figure for four years. speaking at an event in davos this morning, the chancellor is keen to highlight that the uk is open for business. i'm here to sell britain, to talk about the strengths and what we are doing. we are reforming the planning system, we are reforming our regulatory system, we are reforming pensions, and also this year we are going to be publishing an immigration white paper, and will do we know that we need to bring immigration down, particularly legal immigration into the uk, we are going to look again at routes for the highest skilled people, and visas particularly in areas like aland life sciences, because britain is open for

business. we are open for talent. we have got some of the best universities, some of the best entrepreneurs in the world, but we also want to bring in global talent into britain. it's been a busy week for the chancellor. she met a series of regulators in recent days and yesterday sacked the chair of the uk's competition and markets authority because it was not — allegedly — sufficiently focused on growth. marcus bokkerink who has chaired the cma since 2022 will be replaced on an interim basis by doug gurr, former boss of amazon uk. gervais williams, head of equities, premier miton said the move was an important step for the chancellor. it's a good move, this, because actually the cma has actually been quite slow at actually coming to a decision on its mergers. clearly the one which is particularly in focus at the moment is the vodafone merger with three network, which has been open since october 2023, but if you go back a little further to the microsoft—activision merger, that was actually opened injuly 2022 and didn't opine, find a determination until november 2023 —

it was the last of all of the regulatory authorities to clear it. so, really, we've seen a regulatory authority which is probably excessively bureaucratic, and i presume what they are looking to do is accelerate decision—making in this going forward. yael selfin is chief economist at kpmg uk. good to have you here. the chancellor says the uk is open for business, come and invest. it's one thing saying it, it's a very different in getting the investment.— a very different in getting the investment. ., , ., investment. how will she do it? well, i investment. how will she do it? well, lthink_ investment. how will she do it? well, i think one _ investment. how will she do it? well, i think one of _ investment. how will she do it? well, i think one of the - investment. how will she do it? well, i think one of the things l well, i think one of the things that's really important for businesses clarity and understanding the longer term plans of the government, so publishing the industrial strategy later on should help clarify, being more pro—business in terms of making it easierfor pro—business in terms of making it easier for businesses to understand where they stand, for example, with the regulators and what they need to do in order to invest in the

uk, whether it's a regulated industry, that's also very helpful. industry, that's also very helful. ~ industry, that's also very helpful-— industry, that's also very helful. ~ ., , , , helpful. we know she is focused on caettin helpful. we know she is focused on getting the — helpful. we know she is focused on getting the regulators - helpful. we know she is focused on getting the regulators to - on getting the regulators to come up with ideas of freeing up come up with ideas of freeing up business, and there was criticism at the thing, why are you talking to the regulators? why are you not talking to the regulators themselves, and saying, what can i do as chancellor to make yourjob a bit easier? she says she is pretty serious about getting the economy working again. what other barriers and hurdles they face right now? i other barriers and hurdles they face right now?— face right now? i think this into business _ face right now? i think this into business is _ face right now? i think this into business is very - into business is very important, understanding what the hurdles they have, it's very important, and i think the more the chancellor and the government does that, it is

very good. in terms of hurdles, apart from the regulatory environment, there is a clarity of the direction where things need to be a net zero, on things like infrastructure investment, getting the clarity would help businesses invest in parallel with the government in many areas. so, that's very important. the other thing is stability, so stability in terms of the fiscal environment, but also in terms of inflation and interest rates and where they are going. not all about the government can do, but they can influence it in ways. do, but they can influence it in wa s. , , ., do, but they can influence it in wa s. , ., ~ in ways. interesting you talk about push _ in ways. interesting you talk about push the _ in ways. interesting you talk about push the net - in ways. interesting you talk about push the net zero. - in ways. interesting you talk| about push the net zero. one thing that many will be a bit confused by this report is that the chancellor would back the expansion of uk airports. at the same time, trying to maintain the targets on a transition to green energy. can the two go hand—in—hand? i am the two go hand-in-hand? i am not an expert — the two go hand-in-hand? i am not an expert on _ the two go hand-in-hand? i am not an expert on green - not an expert on green transition, so i'm probably not the best person to answer it. i

think we