to ship gas from azerbaijan through its network. hungary's prime minister calls for the continued flow of russian gas. america's dominance in the ai market has got a serious challengerfrom china, deepseek emerges as a major disrupter as it becomes the top—rated free app in the us. and flying high. ryanair smashes analysts expectations with its third—quarter profits, but warns there is turbulance ahead in 2025. live from london this is business today, i'm sally bundock. there is growing division within europe on the question of gas security, as ukraine explores whether to allow fresh flows of natural gas from the east into central europe. earlier this, month longstanding arrangements to pipe russian gas came to an end and poland's president has told the bbc it should never be restored. meanwhile, hungary's prime minister viktor orban has threatened to veto eu sanctions

on russia is not restored. translation: the question of extending the sanctions i is now on the agenda. is now on the agenda. i pulled the handbrake i pulled the handbrake and asked european leaders and asked european leaders to understand this can't be to understand this can't be continued. we asked the eu to tell continued. we asked the eu to tell the ukrainians to restore the ukrainians to restore the gas transit. the gas transit. what's closed has to be reopened. what's closed has to be reopened. it's not a matter for ukraine. it's not a matter for ukraine. it's an issue for europe, it's an issue for europe, for central europe. for central europe. and if the ukrainians and if the ukrainians want help — for example, want help — for example, sanctioning the russians — sanctioning the russians — then let's reopen the gas then let's reopen the gas transit routes and allow transit routes and allow the central european countries, the central european countries, including hungary, including hungary, to receive the gas we need through ukraine. to receive the gas we need through ukraine. meanwhile, on saturday, meanwhile, on saturday, ukraine's president zelensky said his country was prepared ukraine's president zelensky said his country was prepared to transit gas from to transit gas from azerbaijan to europe. azerbaijan to europe. he has offered that he has offered that as a solution to countries such as a solution to countries such as hungary and other landlocked as hungary and other landlocked countries such as slovakia. countries such as slovakia. it's an issue that's exercising it's an issue that's exercising governments across europe governments across europe and the subject tops the agenda and the subject tops the agenda of eu foreign ministers of eu foreign ministers who meet today in brussels who meet today in brussels

to discuss gas transit through to discuss gas transit through ukraine. ukraine.

who are visible on that famous photo depicting leaders opening nord stream, will learn lessons from what happened later after the opening of nord stream. they will learn lessons from russia's aggression against ukraine and that they will push through a decision to never restore the transport, the pumping of gas through this pipeline to europe for one simple reason. because this pipeline poses a very big threat to the entire region of central europe, to ukraine, to poland, to slovakia, but also to other central european countries. it is a threat from the point of view of energy, from the point of view of the military, but also it is a huge economic threat because it means the domination of russia over europe in the economic sense. but the german industry is suffering. there is an election. that message may be heard. they may be very tempted to go for the cheap gas again. ok, but we cannot agree to the core of the european community being consistent in the fact that germany is building its economic potential on and allowing russia to transport its gas to europe and in this way allowing russia to build its energy domination over europe. this is unacceptable. now let's focus on al,

because there's a new player on the block which is causing shockwaves throughout the industry. chinese startup deepseek has overtaken chatgpt to become the top—rated free app avaialable on apple's app store in the us. the news has sent nadsaq futures tumbling in today's trading, with deepseek claiming its ai model is cheaper than its amercian rivals. we're nowjoined by our asia business correspondent, sura njana tewari. tell us more. yes, shares in asia are _ tell us more. yes, shares in asia are u- on tell us more. yes, shares in asia are u- on the tell us more. yes, shares in asia are u- on the buzz tell us more. yes, shares in asia are u- on the buzz around asia are up on the buzz around deepseek after it soared to the top spot on apple's app store. as you mention, it is a chinese company and last week rolled out a free assistant which uses

a lower cost chips and less data. that could challenge a widespread bet in financial markets that al widespread bet in financial markets that ai will drive investment and demand along a supply chain from chip makers to data centres. but it also raises a lot of questions about the sky—high valuation of the likes of nvidia. remember shares of the poster child of vi have risen i96% shares of the poster child of vi have risen 196% since the start of 202a. that might be one of the reasons we are seeing the nasdaq futures come down. analysts say that maybe such powerful ai technology is possible after all on more cost—effective chips. little is known about deepseek and but there are lots of reviews on apple's app store and android's google play store praising its transparency and that is because it model explains its reasoning behind answers to prompts and queries. in

reasoning behind answers to prompts and queries. in terms of chinese _ prompts and queries. in terms of chinese models _ prompts and queries. in terms of chinese models taking - prompts and queries. in terms of chinese models taking over| of chinese models taking over us ones, what is the thinking on that? it us ones, what is the thinking on that? , ., , , , on that? it is quite a surprise actually- _ on that? it is quite a surprise actually- we _ on that? it is quite a surprise actually. we have _ on that? it is quite a surprise actually. we have been - on that? it is quite a surprise i actually. we have been waiting this moment, we know that china is investing heavily in the development of artificial intelligence technology, but of course washington was very concerned about china's progress in the industry and so it introduced a number of trade restrictions, essentially stopping chinese companies from getting the most cutting—edge chips. there are a lot of questions about how this is still happening. some companies that supplied chinese ai companies were able to get exemptions from those rules. but it has become harder and yet chinese companies seem to be doing pretty well and coming out with these and developing the technology. we have to wait and see what happens. i will and see what happens. i will talk to you _ and see what happens. i will talk to you again _ and see what happens. i will

talk to you again about - and see what happens. i will talk to you again about this. talk to you again about this i'm sure. thank you. a trade spat between the united states and colombia seems to have simmered down after colombia agreed to accept deported migrants from the us. president trump announced 25% tariffs along with sanctions on colombia after its president barred two us military planes carrying deported migrants from landing in the country. initially the colombian president gustavo petro had spoken of retaliatory tariffs, but a resolution seems to have been reached after the colombian president offered to send his presidential plane to collect the deportees. joe brusuelas is principal and chief economist at rsm, an international consultancy. earlier he gave me his reaction to what's happened here. this is probably a preview of coming attractions for 2025. as the new american president or president trump looks to use access to the gigantic us consumer market as leverage to obtain all sorts of concessions, whether they be economic, financial

or political, in the western hemisphere. and for colombia, what does it export to the us? mainly coffee, i assume. coffee and refined petroleum products. it accounts for about 29% of all of colombia's exports. so in the end of the day, there wasn't really much for the colombians to do other than concede. but i think the real issue is that there's going to be more of this, not less of this going forward. and again, it's an inflationary impact, isn't it, forfor us consumers, because presumably coffee sellers would have to pass that on? well, that's right. and of course the united states doesn't grow coffee, so there's no ready domestic substitute. so that would cause coffee prices to increase, which would really upset many americans like myself, who get very early starts to get into the world of global business. indeed. we appreciate that, joe. and i hope you don't drink too much coffee for health reasons, if nothing else, but give

us your take on, you know, the weekend of president trump with various comments coming through. obviously, we've touched on the spat between the us and colombia that seems to have sorted itself out. but also more comments about greenland, the panama canal and his ambitions. well, i think if you're out there and you're trading, you're investing or you're managing a global active firm, what you're looking at this is, is this is a a large and increasing uncertainty tax on your operations. if you just look at financial markets. those of us who've worked on wall street, we have something that we call the euro dollar at the money one month forwards, basically the black—scholes options pricing model. and what it tells us is there's quite a bit of uncertainty at 30, 60 and 90 days out. that's creating some uncertainty across asset markets, foreign exchange in particular. in this case, it would likely cause the value of the dollar to move up if tariffs were put on. but if they back off

on such tariff discourse, well then money will then flow into the euro. interesting take on the us colombia trade spat. around the world and across the uk, this is bbc news.

ryanair has reported net profits of 149 million euro for the third—quarter, which was higher than many analysts had been predicting. however, the europe's largest budget carrier lowered its forecast for 2025, blaming delays on the expected delivery of nine boeing 737 max aircraft, which is likely to effect passenger numbers. we're nowjoined by sally gethin, who's a global aviation and travel analyst.

last time boeing delays and dropping ticket prices, this time? what were the numbers like? looking at the numbers, traffic has gone up 9%, 45 million passengers. there was a profit of 149 million and revenue rose 10% to 2.96 billion euros. it is in the right direction. everything is going quite well. but as you pointed out, there is this problem with the boeing so—called game changer aircraft, which is the 73 and dashed a 200 aircraft and ryanair�*s physically paid a visit to boeing earlier this month to try to chevy things along. the big problem for boeing, problems beyond its control because boeing had a

series of issues last year culminating in a long strike of its workers towards the end of the year which has been resolved now. it looks like the entry into service of that fleet is going to be delayed and as a result the forecast passengers for the whole of this year has been revised downwards from 210 million to 206 million. in downwards from 210 million to 206 million.— 206 million. in terms of the passenger _ 206 million. in terms of the passenger experience - 206 million. in terms of the passenger experience with i passenger experience with ryanair, they will not feel it in the sense that it's not going to impact the experience they have, it is just it is not they have, it is just it is not the flights available, we fleet is not there that ryanair initially hoped for? exactly. in terms — initially hoped for? exactly. in terms of _ initially hoped for? exactly. in terms of bookings, - initially hoped for? exactly. in terms of bookings, all i initially hoped for? exactly. | in terms of bookings, all the seats are already on sale and ryanair is, it has put in a little clause to say that, to encourage customers to book up now because it cannot grow its

capacity in terms of the number of seats as it would have wanted to do had boeing not experienced all of these setbacks. winker—macro sally, thank you, we appreciate your thoughts. just a day after a visit from president trump rain arrived in california bringing some relief but also fresh concerns to the residents of los angeles after weeks of wildfires. there are now fears of flooding and mudslides in the city. president trump visited on friday with first lady melania trump to see for himself the extent of the damage. he has not yet made clear what financial assistance will become available to rebuild la but the fires look set to transform the insurance industry. the havoc wreaked by the wildfires is estimated to cost $250 billion dollars in economic damage and claimed at least 28 lives. earlier i spoke to andy siffert, senior meteorologist

at the insurer bms re. he told me what kind of impact the catastrophe in california might have. this is definitely a very impactful event for the insurance industry, particularly that the event occurred here injanuary, which is kind of the start of our, i guess, insurance season, which starts kind of january 1st. and we typically don't see these large losses like this in the month of january. it's typically a fairly calm month. but this is definitely going to be, you know, probably one of the largest single us—insured loss events in recorded history on the likes of like hurricane katrina in 2005. but we have a long, long year ahead of us. you know, it takes multiple events to really impact the insurance industry. clearly, this will have local effects. i think this might speed up the ongoing changes to the regulatory environment and accelerate the use of our catastrophe risk models. we use the price risk and the hazard for perils such as wildfire. but it's a little too early to determine just what impact this might have on a global

scale to the insurance industry, given that we're so early into the 2025, kind of insurance cycle. what about the conversation about how the insurance industry works in this case? it's become bare in the sense that it's all those people who live in la who've lost their homes, who didn't have insurance forfire risk because theyjust could not afford to pay the premiums. and that's something we're hearing in other parts of the world where there is a very obvious risk to homes or property and yet they can't afford the insurance for it. yeah. i mean, insurance is a critical aspect of getting communities back on their feet and making people whole again. and if they don't have insurance, that puts a big burden on the local communities and governments. and, you know, whoever, whoever is there to maybe supplement that, potential uninsured, person with, you know, insurance. so i think that's definitely a problem.

and, you know, whoever, whoever is there to maybe supplement that, potential uninsured, person with, you know, insurance. a hydrogen—powered car fuelled by sewage and manufactured with recycled materials is being unveiled shortly at the university of warwick's inaugural festival of innovation. the car was built by students at warwick manufacturing group and will run off a byproduct of wastewater from the utilities company severn trent water. now, the university hopes to break new ground as the team gear up to attempt land speed records with their innovative "poo—powered" hydrogen racer. drjames meredith is chief engineer for the project at wmg, the warwick manufacturing group. earlier he told me what lies ahead for today.

we've got the festival of innovation this morning, which is celebrating the 60th anniversary of the university. which is highlighting all sorts of exciting stuff. one of them is this hydrogen—powered car. and hopefully we'll be talking to lots of people about all the exciting things going on at the university. and talk us through the potential of this car powered by poo. and we assume you've dealt with the smell. yes, indeed. i mean, it's great. this is a long—term piece of research. it started off on a previous racing car we worked on over 15 years ago, where we looked at recycled carbon fibre and how we actually recycle really difficult materials and that essentially extended into a piece of work where we looked at how microbes grow on this recycled carbon fibre substrate. and that eventually led to the point where we demonstrated that that material demonstrated that that material was a cheaper and better was a cheaper and better at producing hydrogen at producing hydrogen than conventional sort than conventional sort of virgin materials. of virgin materials. sector, do you think? to what extent will cars to what extent will cars powered by hydrogen become powered by hydrogen become

a main player within the car a main player within the car sector, do you think? i mean, what are the drawbacks? well, there's plenty of drawbacks of hydrogen. obviously, it's a very light gas, storage is quite tricky. you know, getting the amount of amount of energy density you need on board a car is a challenge. i think, generally speaking, it's considered to be much better for sort of larger vehicles. at the moment there's a real push for evs and zero emission vehicles. the only slight issue with hydrogen is it's not considered necessarily zero emission, because there's

consider it to be closed. it's an open platform for people to demonstrate any sort of sustainability ideas. so we've got all sorts of things from, you know, cellulose based materials. so when you, when you, you know, crush beetroot and you take juice out, you get left with, you know, residual cellulose fibres that you can use. but actually in terms of a record, we are we're hedging our bets slightly in that we don't know exactly what we're going for. there's some really good competitive hydrogen records out there. so we're going to wait slightly to see how its performance turns out. and then we're going to going to shape our attempt. we wish them all the very best. just to see as we wrap up business today, watch the open of nasdaq on wall street, projected to open 2% lower on that story about deepseek. that is all on business today.

winds of up to 80 miles an hour have been recorded in parts of devon and cornwall, as storm herminia arrives in the uk. yellow weather warnings were in place overnight across much of england and wales. it follows storm eowyn, which killed two people. louisa pilbeam reports. it was the south west of england that was swamped by the storm this time, with a second weather system called storm herminia flooding roads. these drivers in somerset found themselves in danger, and parts of devon had almost 34mm of rain, accompanied by 82 mile an hour winds. this was saint austell in cornwall. the roads completely washed out and it's all washing down our drive.

the strongest winds in ten years had already caused severe damage in scotland, with storm eowyn bringing 100 mile an hour gusts. this family in falkirk in scotland were waiting out the storm in their home when this happened. a teenager in east ayrshire is the second person to have died after rare red weather warnings were in place. his car was struck by a falling tree. up to 20,000 homes and businesses in scotland are still without power. craig ritchie, from biggar in south lanarkshire, has been without electricity for three days. it's been worse for other folk than me, that's for sure. see, i'm lucky i've got the fire here, i've got a wee gas cooker so i can heat things up. i've got really good friends and family locally so i can go, i can get showered, i can get stuff to eat. in ireland, three quarters of a million people were without power at one point. half a million now have electricity, with around 250,000 needing to be reconnected. in northern ireland, 74,000 people still have no power. those travelling are urged to check trains and flights are running before they leave. and flights are running before they leave across most of the uk and ireland, as the storms continue to cause disruption until the middle of this week. louisa pilbeam, bbc news.

here in the uk, pharmacy leaders are warning that some people with a history of eating disorders, are being wrongly prescribed weight loss drugs. the national pharmacy association has written to regulators calling for tougher rules over the online sale of the medication and for face to face consultations to be made compulsory. 0ur reporter leigh milner has more. after giving birth to her two boys, 35—year—old alex harvey from plymouth struggled to lose weight. so after much research, she decided to start taking the weight—loss drug mounjaro. since may last year, she has lost 25% of her body weight and her body mass index — or bmi — has fallen. but alex says she was surprised at how easy she was able to get the medication. the pharmacy website were very clear at directing you to a kind of form

where you would fill out lots of background information about your health. when the pharmacy asked to send a full—length photo, i sent a couple of those through and they were then approved by one of the pharmacists, who then confirmed the order and it basically arrived in the post. so at any point in that first initial consultation, did you speak to anybody? did you have a telephone conversation? no, to my knowledge, i don't think i did and i've just been to have a look at all my emails. i don't think at any point i actually talked to anyone. having a face—to—face consultation would be really, really beneficial. mounjaro, which is set to be rolled out on the nhs in england from march, is one of many weight—loss drugs that have become increasingly popular in recent years. at the moment, some weight loss medicines are already prescribed by the nhs. the injections mimic a hormone that makes people feel fuller and less hungry. to qualify, adults must be obese with a bmi of at least 35 and have at least one pre—existing weight—related health condition, such as high blood pressure. but the national pharmacy association, which represents independent community pharmacies, is calling for tougher regulation and says

patients need to have either a face—to—face or telephone consultation before being prescribed these drugs. the general pharmaceutical council said it will update its guidance for online pharmacies, with additional safeguards around medicines used for weight management. leigh milner, bbc news. here's the weather. hello there. another named storm as we start off the new working week. this time it's been named by the spanish met service because of the effects that it will have on the iberian peninsula. it's storm herminia, but also some impacts here across the united kingdom. heavy rain and some strong gusty winds. there are met office weather warnings in place and this time it's the southern half of the uk that will bear the brunt of the worst of the weather over

the next few days. so, the storm's been brewing out in the atlantic. it's been pushing this massive cloud and outbreaks of very heavy rain at times further northwards and eastwards through the night, that hook on the rain producing potentially still some very squally gusts of wind of up to 60 to 80 miles an hour, but clearing into monday morning. so this is how we'll start off the day. perhaps still some hill snow just as that rain curls into southern central areas of scotland. there will be squally showers out towards the west and some very strong gusty winds. heavier rain pushing eastwards from northern ireland into north west england and eventually up into southern and central areas of scotland too. but very strong winds out towards irish sea coast of up to 60 to 70 miles an hour, also for some western channel coasts too, and some of these showers are likely to have some thunder, some lightning and some hail in them, some very heavy downpours and strong gusty winds. temperatures six to nine celsius tended to be drier and brighter across eastern areas of england. an improving picture somewhat on tuesday as the area of low pressure starts to weaken and fill, but there will still be plenty of showers swirling around. they won't be quite so potent as they will have been on monday, though, and there will be some brighter spells, also some areas of cloud. more of a northwesterly wind.

still quite blustery, particularly towards those western coasts. temperatures between six and nine celsius for most of us. and that area of low pressure clears away, only to be followed by another one that this time is going to be bringing some heavy rain at times towards southern areas of england in particular. now there's still a lot of debate on how far north this rain is going to get, and if it does get further north than this, then over the higher ground, potentially there could be some snowfall. but for much of the northern half of the uk, largely dry. a few showers around. temperatures again six to nine celsius on thursday, though a ridge of high pressure. so much more settled. conditions generally dry. there'll be some sunshine, more rain, potentially on friday and through the weekend. bye— bye.

live from auschwitz, this is bbc news. it isa it is a cold, frosty morning here at auschwitz, as the world mark holocaust memorial day and the 80th anniversary of the liberation of auschwitz—birkenau. the world is remembering today the 6 million mostlyjewish people million mostly jewish people who million mostlyjewish people who were killed during the holocaust, but the focus is very much going to be here at auschwitz—birkenau, where1.1 million mostlyjewish people million mostly jewish people were million mostlyjewish people were murdered systematically at the hands of the nazis