the uk—eu "reset" — in court, as it faces running out of money. also in the programme — is it lonely in the office? when most employees are likely to call in sick. live from london this is business today, i'm sally bundock. so lets now get down to business. and investors are reacting

announced by president trump over the weekend. the us dollar has strengthened while the canadian dollar hit its lowest level since 2003. for a turbulent day, as investors rush to assess how the levies will affect we'll be talking to a city veteran shortly but that the european union will definitely be in his cross hairs. we will see how things work out. definitely out. it will definitely happened with european ican union, i can tell you that, they really ta ken because they have really taken

advantage of we have over e-e deficit, they do $300 billion deficit, they do not take our cars, they take almost nothing. and we take elmest net-hinge and we, take, from elmest net-hing. and we. take. from them. everything from them. millions cars, of and products so the uk is feed and greducts 5.9 the uk i577 .. ......... . .. .. of line feet! ere!!! terrettretts. ere the uk iem .. ......... . .. .. of line and feet! ere!!! terrettretts. ere the uk iem .. w . .. .. of line and will see the out ref—tine and we will see the but the out ef—tihe and we witt see the but the european union is —= of line. uk is really out of line. uk is out of line but i am sure... i think that one can be worked out but the european union don't it is an atrocity. trump is imposing 25% tariffs on all goods imported from canada and mexico, except oilfrom canada, both countries have already hit back, on us products. meanwhile, china has said it will implement with the world trade organization.

due to come into effect at midnight on tuesday. iam announcing i am announcing canada to the us 7 with 25% tariffs transaction with 25% tariffs against $155 billion worth of —e this against $155 billion worth of f— this will americen—geads. this witt immediate tariffs americsn—gssds. this witt immediate tariffs on include immediate tariffs on $30 billion worth of goods as of tuesday, followed by further on $125 5 " "’;,’n’;hs;i;ih;; w on $125 billion worth american in days of american products in 21 days time to allow canadian companies and supply chains to time to allow canadian com to ies and supply chains to later today, outlining its retaliation.

at the university of california davis. good to have you on the programme. we heard from justin programme. we heardiremejtestih about how programme. we heardiromejtestih about how the trudeau about how important the trade relationship is. about 3.6 billion canadian dollars 3.5 hittieh ge'hee're'h driller? ' of 55 hittierh ge'heré'rerh 55115? ' of imports 55 hittierh ge'heré'rerh 551155 ' of imports and daily the 7 and us border canadian and us border to data. what are according to data. what are your on the impacts of it isa it is a very “14:3 5.5 hm" trading the trading the us ading the us has ig the us hasrg and that the us has with canada and mexico as within that us canada and mexico... that mca, canada and mexico... that support several jobs. support several million jobs. this is probably going to have thisis probebty going to have impact, this'is probebty going to have impact, especially =-——z:: with the j with the simultaneous ten percentage additional ten percentage point our tariffs on chinese goods

in our tariffs on chinese goods so this is big policy change unexpected. it totally wasn't unexpected- _ unexpected. it totally wasn't unexpected. - he - unexpected. it totally wasn't l unexpected. - he would unexpected. it totally wasn't - unexpected. - he would be this from one doing this from febrdery one he doing this from febroory one he has doing this from febroery one he has kind of follow on that -romise as it through on that promise as it were but the question is what impact it will have. he said on social media platforms that his social media platforms that they will be paying for his social media platforms that they will b in aying for his social media platforms that they will b in the g for his social media platforms that they will b in the short—term. americans in the short—term. how long do you think you will have these tariffs place have these tariffs in place for? the catholic, ”it, . ..e. e... . "it'is' 7 itisglrenigth ' ' ' itis ”length of ' ' itis ”(en’gth of time, if it is some length of time, could push canada into —— canada. could push canada into -- canada. could push canada into those - canada. could push canada into - those who canada. could push canada into - those who predict. could push canada into those who predict a ’iie rather those who predict a downward impact on growth for —:: for mexico asi/vell, i canada for mexico as well, i have seen somewhere between 1% and 3% depending on which

and 3.% depending on. whith a . . . w w w you and 3.% depending on whithr ww w w . . .. w. you are and 3% depending on whithw www w w . . .. w. you are for estimate you are looking. for the united as well, it compared to baseline or the us we expect to ort be js we expect to or t be about expect to or t be about a ipect to ort be about a third to "diggers”; 5 third at t]; ort be about a third of a to 2027 than it percent lower by 2027 than it would be the would be without the tariffs... you think it would what you think it would take for president trump to lift the know it is about the tariffs? know it is about the process, your negotiation process, your thoughts? it is hard to see it is about the _ thoughts? it is hard to see it is about the negotiation - is about the negotiation process. he explained it as a strategy to bring manufacturing back to the us so a bowl back to the us so having a bowl of to firms jump over jump overand jump over and invest tojump over and invest in the united states. we will know how will out since 5515 “fl“ 555 555 5555 £555 production §5i5 “fl“ 5155 555 5555 £555 production the 55i5 55'“ 5155 555 5'555 55555 production the us will z= but the tariffs he

increase. but the tariffs he put on in 2010 are still on and -= lustre through a democratic the lustre through a democratic administration as well so it does not look like the tariffs be necessariii; a phenomena. henomena. , ., =-= whether impact is. thank see whether impact is. thank for talking to us about the asian stock markets have slumped are pointing sharply lower what are your thoughts on how this will all play out this.will all play out because canada and these

for canada and mexico, these swing jean tariffs. the are swing jean tariffs. the chain and seppty thein and premises 5 5 " w555” canada, seppty thein and premises 5 5 5 5 55555555 canada, the us and a re really are really complicated mensa sre restty complfiteei "5" w” where trade has and intricate, where trade has been free—flowing for many years. been free-flowing for many ears. �* . , been free-flowing for many ears. 5 ., , ., q years. and raising tariffs as history tells _ years. and raising tariffs as history tells us _ years. and raising tariffs as history tells us has - years. and raising tariffs as history tells us has all- history tells us has all economies. your attacks economies. your putting attacks on trading, slamming up the less transaction, less economy. less transaction. less . taxation it income, less taxation and it is also potentially inflationary. it could also create unemployment and as o nem'ptoynient e'nd'es ydu'lqwer' so onem'ptoynient e'nd'es ydu'lqwer' so not much investment. so not much positive market will z . . 125555179." 5 z z z : accgrdingly certa i nly 7 7 7 edrre7he7i7e7s |l7y7.7ce7rtainly currencies we certainly currencies we certr seen the currencies we have seen that. it is rather perverse. as we have seen with previous tariff rises, the companies will take action to move manufacturing to other like we have with

countries, like we have with ctisina. have seen countries, like we have with ctisina. hav: moved vietnam manufacturing moved to vietnam and cambodia... but manufacturing moved to vietnam and cambodia. . ._ and qembeéiew mention, china moved a lot also mention, china moved a lot of its to of its manufacturing to mexico but �* obviously that has been by; now obviously that has been that angle as well? hit from that angle as well? yes and it really what donald trump will be doing is trying sure that 7 7 7 5 7 s7ure7that nobody 7 7 5 7 s7ure7that nobody is to make sure that nobody is trying to benefit from this. it to make sure that nobody is tr a lg to benefit from this. it to make sure that nobody is tr a uso benefit from this. it to make sure that nobody is tr a us issue efit from this. it to make sure that nobody is tr a us issue and rom this. it to make sure that nobody is tr a us issue and he n this. it to make sure that nobody is tr a us issue and he will s. it to make sure that nobody is tr a us issue and he will do it is a us issue and he will do everything possible to make sure to improve 2: e: the usa. 77 things bounced back unfortunate things bounced back on it. there will be less trade on level less american going on level less american goods being and the goods being purchased, and the and global american and global economy will slow, which is looking 7 rather 7 7 rather weak, 7 777777rathe7r7we75k7:7whi7c7h ' 7 7777r5t7he7r7we7éi7

obviously they have a plan for 7 7 president trump the long—term? president trump is enough now the next four ar717d they are thinking yearsand they are thinking beyond that probably beyond that because some in the us, probably beyond that because som have in the us, probably beyond that because som have manufacturing 1e us, probably beyond that because som have manufacturing in us, who have manufacturing in canada, in mexico, like the big carmakers for example will not 77 7777hrihd7 7 bring that necessarily bring all that manufacturing home in the short manufacturing home in the she - term? no, they will not. they have made — term? no, they will not. they have made strategic- term? no, they will not. they have made strategic decisions a-reements made with 7777and 7 and can7ada 7 and can7ada and 7 and can7ada and america mexico and canada and america in the tripod agreement. this z -= directly 77 so means some major strategic iii companies are decisions if companies are going to reverse it to be reluctant to do because it is a 7 7because it is a big becaust particular 7 7becaust particular at a when you have car goian 77777 going through manofacturing goihg throogh a major change at the “e'l�* e "a“ 5�*535se et the with electrification moment with eiectrification and �*such issues. it

mm other such issues. it will keep us awake _ other such issues. it will keep us awake for _ other such issues. it will keep us awake for - time. - other such issues. it will keep | us awake for - time. thank us awake for some time. thank you forjoining us so early in the morning. sir keir starmer is heading to brussels tojoin a gathering of european union leaders. has done so since brexit. starmer is heading over the english channel for talks focused on defence and security co—operation, and will also meet nato secretary general mark rutte. the trip is part of what he calls a "reset" between the uk and the european union. i have been very 555 . becoming prime minister i wa nt want a reset of want a feset o7f7the7 7 7 7 do want a reset of the between the uk and relationship between the uk and the eu. that does not involve a return toe european union. -== "had; refeféhddh} 7 7 77 7 ”had; 7refe7réh7d7d7rh hére 7 had a referendum here on we had a referendum here on that and that matter is settled but i want to see a close relationship on defence and reiationship on defence and on energy, on trade security, on energy, on trade and our and that is

end eer efflnflmf end that is. we are end eer 555-mama: and that i5. we are on, end eer 555-mama: and that 5 we are on, and i what we are working on, and i think that is in think that is. certainty in the . best interest i in the eu's best believe in the eu's best and are ready in the interests and are ready in the seven months, has been a last seven months, has been a manifest difference in approach tone into the chancellor 0laf scholz. lovely to see there is a lot to talk about here because, of course, officially the betirfeen eli ieaders agenda between these eu leaders is security and defence but will7 7 will be 7 about 7 trump 7 the president trump and the fact that said tariffs are on 7 oneu 7 on eu goods exported to un7ited 7 un7ited stat7es the uk is the united states and the uk is in crosshairs as well? in the crosshairs as well? absolutely. this is a really

important meeting and is the latest in a really intensive campaign the present campaign by the present government to get in much eee with the closer relationship with the to try to overcome some of 7 between the and 7 between the and uk between the and uk in between the and uk in trade. :ween the eu and uk in trade. of tariffs from the us, threat of tariffs from the us, it is more important the improves. but relationship improves. but to extent should it what extent should it improve because a lot pressure on prime minister to get the filii, in the union or uk back in the customs union or the single market? are the single market? they are adamant say we not do what 7 what they can talk that but what they can talk about is food animal about is food and animal products being traded more on 555,15 ee 77 on energy, freely, cooperation on energy, so what can we expect from these talks?— so what can we expect from these talks? these tethe? around theee tethe? around defence, as specifically around defence, as

5554 “ specifically around defence, as yold —— the gee 5eid. 55 tn555tals5th5 '*""’ move gee 5aid. 55 the5e'talh5.'the' ' " ” move on a trade would be reel move on e trade “we'd be 55 — — 555 — —— 5 — — at reel move on e trade meel'dbe 55 — — 5m —— 5 — — ata reel move on e trad-l5 weal-dbe— — ww www w ata summit reel move on e trad-l5 weal-dbe— — ww wwww w at a summit planned probably at a summit planned for later the spring. for later in the spring. there a raft of to be is a raft of issues to be discussed. with regard to food 5i55555555555’eli5i�*r regard. te feed. drink, between eu and drink, trading between eu and drink, trading between eu and the uk, and also the opportunity possibly for the uk to sign the convention, the pan mediterranean that 77 7777777t7hat7links777 77 7 7 7t7h7at77links77the 77 7 7 7t7h7at7linksthe eu 77 7sm7h7at77links77the eu sm mediterranean i _eeeiei north africa, and that again will help overcome some that trade i that trade between friction of that trade between trading blocs the is, too many reality is, too many uk businesses have withdrawn from trade the eu if there a growing fear that a lot of is a growing fear that a lot of eu businesses will eu based businesses will themselves withdraw from with the uk 7 at trading with the uk. andate w . . . w w e w w 5 when we trading with the uk. andata ww . w . w w a w w a when we are trading with the 5k andata w . . . w w a w w a when we are facing the time when we are facing the instability and uncertainty of the tariffs potentially being thetariffspo�*tentially being by the us, it is really

imposed by the us, it is really important the uk the important that the uk and the have as low friction eu have as low friction trade possible and the m 777th7e7777 ' " 7th77e7i§7er7§7e7f7it7 7 7 7 7 the benefit not 7 7 7 the benefit notjust7 77 7th7e7b5nefit notjust7of 7 the benefit notjust7of our for the benefit notjust of our economy is but also our consumers. economy is but also our consumes-— economy is but also our consumers. ., ~ . consumers. thank you so much forjoining _ consumers. thank you so much forjoining us- _ consumers. thank you so much forjoining us. -- _ consumers. thank you so much forjoining us. -- economies. i needless to say we will be across prime minister trip is discussed. let's get some of the day's other news now. cash lifeline in court today as it faces running out of money in four weeks' time. lenders to the debt—saddled company are offering up to £3 billion in additional short—term loans to buy time

we gauge the mood in 2025. around the world and across the uk,

regulation of artificial intelligence.

to citizens�* health, safety, and fundamental rights companies found not adhering to the new legislation joining me now is kirsten rulf, ever, the devil is in the and for companies this 77 7 "regal” 7 77 legal move within european union they are the european union they are trying to get their heads we much so and across? is one moves were

it is one of these moves were good european union is really good european union is signalling to companies that are for is are for experimentation is you need to place a over. yod need to places 555—55555555 risk over, yod need to 5555557 ~ . risk management professional risk management on ais systems otherwise will 777willf7in7d777 77 77 77 will find 7steeply, up global or if} to of global or 55'mfllien’ �* is more to of global or 55'mfllion’ �* is more and it euros whatever is more and it is something have is. sue—k e5~e“5—- 5.555 5 5 55 . ~ . ~ ..... have been is. sue“. e�*~e"�*--- tee—55 5 5 55 5 55 5 55 ..... have been racing up companies have been racing up until this up until companies have been racing up until t we up until companies have been racing up until t we have up until companies have been racing up until t we have seen p until companies have been racing up until t we have seen a until companies have been racing up until t we have seen a lot:il companies have been racing up until t we have seen a lot of friday we have seen a lot of movement in the market especially for global companies that have to stick to the eu thatjeaoewto stick. to the el! a! but other regulations thatjeaoewto stick. to the el! al bu the |er regulations thatjeaoewto stick. to the el! al bu the |er reg| fire >ns that—haeetoetieletetheleid-al - bu the ier reg— that—haeeto ed... .. ...- e- - bu the ier reg across the globe. 575255 sa in: when it across the globe. 555255 i saying when it comes in saying when it comes the eu is ahead of e7 7 well,certfin7 27; teen, lama the pack? well, certainly, in of time the pack? well, certainly, in - of time frame - the pack? well, certainly, in - of time frame but - the pack? well, certainly, in i - of time frame but there terms of time frame but there are 55 —— followers terms of time frame but there are 5’5 —— followers and terms of time frame but there are of 55 followers and terms of time frame but there are of them followers and terms of time frame but there are of them is followers and terms of time frame but there are of them is certainly �*s and terms of time frame but there are of them is certainly the id one of them is certainly the us, on the federal of us, not on the federal level of cost but texas, and us, not on the federal level of cost l otherlas, and us, not on the federal level of cost l other states, and us, not on the federal level of

cost l other states, have... 1d us, not on the federal level of cost l otherstates, have... more 7— 770 al regulations have implemented in the been implemented in the us are similar the ai act. also been implemented in the us are si asia the ai act. also been implemented in the us are si asia and 1e ai act. also been implemented in the us are si asia and anywhere ct. also been implemented in the us are si asia and anywhere ct. ai i) in asia and anywhere else. i would say the one goal the eu wanted to read, namely the brussels effects of regular eating ai around the globe, thatis eating ai around the globe, that is reached. the other question of a global companies that is reached. the other q| willon of a global companies that is reached. the other q| will it| of a global companies that is reached. the other q| will it| ofé make l companies that is reached. the other q| will it| ofé make them janies that is reached. the other q| will it| ofé make them more is will it also make them more competitive in al race. the competitive in the ai race. the fines u- competitive in the ai race. the fines i up to _ competitive in the ai race. the fines i up to 7% _ competitive in the ai race. the fines i up to 7% of _ competitive in the ai race. the fines up to 7% of annual revenue, the global revenue, the question is will that happen, i mean, it is very difficult? if 5 itvis " itfis and j itfis and certainly come to a new $22. “5 is. 55.5— �*;"':—'.¢5"; "453 5 55 55 55555 55 come to a new structure, has come up to a new structure, that sits in brussels and will police this act what we're police this act but what we're in the market is that seeing in the market is that for global companies, these 7 arejust arejust one are just one incentive. fines are just one incentive. what matters is can you

really, what matters is can you govern the 55 i it govern the technology so it brings you revenues the risk of % jup in the headlines ending up in the headlines with a silly chatbot is making a silly chatbot that is making mistakes and costing you in terms of both credibility mistakes and costing you in terms of bo1 risk edibility g: mistakes and costing you in terms of bo1 risk but lity 555 mistakes and costing you in terms of bo1 risk but also 55 z— e—= 7 of really customer terms of really customer thatis terms of really customer that is the thing service, that is the thing are out for companies are looking out for and this is a very good and this is a very good and the fines are bleepriet and if the fine; are incentive to adhere just one incentive to adhere to it. ., ~ , ., ., just one incentive to adhere to it. ok, thank you for “oining us and explaining _ it. ok, thank you for “oining us and explaining allh it. ok, thank you forjoining us and explaining all that i it. ok, thank you forjoiningl us and explaining all that for us. are most likely to call in sick, according to statistics. since christmas and the first weekend after dry january. company black isle group has some tips so that staff morale doesn't

spiral out of control. is this still a thing in 2025? l 2025? ithink it is, yes. i think it— 2025? ithink it is, yes. i think it is— 2025? ithink it is, yes. i think it is - a - 2025? ithink it is, yes. i think it is - a thing. i think it is still a thing. probably the best question is is what is behind absentees... that was going be my next that was goingtor be 111 5 a �*question. a 7 �*question. why are is a better question. why are throwing cities, not people throwing cities. not up people throwing cities. not up to work, what turning up to work, what is going on, what other drivers? —— sickie. the work we shows ' ,,, wishowsthere organisations shows there are three intrinsic drivers we look for where people are highly motivated, productive, motivated, highly productive, autonomy, purpose, and mastery zzi e 7 -z:7—: 7 —7—: if you think even 5 if you think even in j if you think even in your 5

and if you think even in your career, when you are own career, when you are absolutely flying and things are going well, normally are really going well, normally those intrinsic drivers those three intrinsic drivers are there. autonomy, am able are there. autonomy, am i able to do thejob are there. autonomy, am i able to do the job that i want to do is make the opposite being margaret management. purposes are my villages in line with my margaret management. purposes are my village values. with my margaret management. purposes are my village values. —— h my organisation's values. —— micromanagement. and purpose is i being recognised for the any. being reeegnisee fer the i am any. being reeeqnisee fer the i am doing and rete ! erg doing and lastly; "5555555555555"? rete ! erg doing and lastly; 5 55 55 5 55 555 of the rsls l and aging and lastly; 5 55 55 5 55 555 of the most possibly one of the most ones, at 94% of development front 77 front of almost self in front of almost in terms of a drive anything, in terms of a drive for being at work. mastery is ee j: -: 77 am i being really important. am i being am i learning. the developed, am i learning. the opposite of that is i am appssite sf that islam 5 55 5 5 5 55 not what i'm cruising. not enjoying what l'rp ,, , , and cruising. not enjoying what l'rn ,, , , and hence cruising. not enjoying what t'rn .. . . and hence the and potential

disengagementapd po ~ . '. we hear about this a sense and we hear about this a lot, those of us in the workforce, but for many, do 7 7 7 do not 7 7 do not have a choice, are doing 7 are doing a that did not enjoy, perhaps they did not enjoy, they are struggling to pay the 5555'saai’5hgy555 " £77366 (ham 5555553 ihéyiiiayé £1; gs” iiil 555—5555555555555555— iii!- day in day out on something that will get them through and there are so in that there are so many in that- . -- is it there are so many in that- - -- is it notjust who have this ’ iwhoihaveithisibenefit ’ who’have’this’benefit of 5feweru~ho have this benefit of and and be to master your able to master your career? not necessarily- _ able to master your career? not necessarily- i — able to master your career? not necessarily. i do _ able to master your career? llrrt necessarily. i do not think it exclusive to one area of the is exclusive to one area of the i think is a workforce. i think it is a choice. i think there is a choices. ltbink. there is a to have weather, yes, choice to have weather, yes, there are people in flayifiufly thsrsafsassats in” 5 difficult assist-lela thsrsafsassats in” 5 difficult circumstances very difficult circumstances and do have to do that and do have to do jobs that they do not necessarily to they do not necessarily want to but i think is a

et: the case, you would hope if is the case, you would hope if more people are in they n they enjoy they enjoy and j feel they can enjoy and involved and two, sickie that would become thersickiethat would become of a thing? lt less of a thing? absolutely. it is this sort — less of a thing? absolutely. it is this sort of— less of a thing? absolutely. it is this sort of symptom - less of a thing? absolutely. it| is this sort of symptom behind absenteeism that we look for, is this sort of symptom behind a is enteeism that we look for, is this sort of symptom behind a is a teeism that we look for, is this sort of symptom behind a is a real m that we look for, is this sort of symptom behind a is a real thing. :we look for, is this sort of symptom behind a is a real thing. the look for, is this sort of symptom behind a is a real thing. the numbers it is a real thing. the numbers lie and interestingly, do not lie and interestingly, actually, one of the of actually, one of the days of is actually. one of the days of is a week actually, one of the days of is a week of �*than �* than today but december rather than today but todayis december rather than today but today is not a great day for many as the many reasons as she said, the weather is not great, it is just past christmas, folk are ju5t past christmas. folk are feeling not feeling particularly motivated. thank you for u . motivated. thank you for u- and motivated. thank you for - up and have - motivated. thank you for - up and have a - motivated. thank you for - up and have a day. getting up and have a good day. thank you for see thank you for your—company. see again soon.

well, for many of us, it was a fine second half of the weekend, it will turn briefly milder, especially out towards the north and the west for many. with some overnight frost towards the middle, the end of the working week. but this is the rest of tonight, then, it's quite blustery here and it's also a mild start to monday morning. we'll keep the largely clear skies here through the night. blustery for the western isles, for northwest scotland, up through northern england, central—southern england too, but turning rather grey — but with lighter winds,

those weather fronts just gradually sink further southwards and eastwards. 12 degrees celsius. but as we head through monday night, then our fronts are going to be slowly slipping further southwards and eastwards, some of our temperatures will even be in double figures. but we're starting off on a wet note down through western wales and southwest england too. over the higher ground of scotland, perhaps, but conditions brighten up nicely here. there will be some sunshine. for southeast england.

this is the colder air, of course, which will be clearing away and into wednesday. then we see high pressure build in from the south, and that is set to stay with us for the rest of the week. and that's going to be with us so a drop in temperature by day and also by night bye—bye for now.

live from london,

this is bbc news. and tells the bbc taxes will �*definitely be applied' to the european union. uk is out of line but i think that one can be worked but the euro-eon union la m is... it is an atrocity, what they've done. the country's partnership with the union. of congo, for the first time since rebels took the former president of the spanish football of sexual assault. beyonce wins album