we have start from what we have in our head. in our head, we have the part and emotional part and we have "£551; 7 w 7 777beahl7e7st7im7u7late7 77 7 77 7 777bé ahl7e7st7im7u7late7 both. 77 7 we hear from the boss of ferrari about what's driving the company's thinking ahead in the era of electric cars. restaurants are trying to clamp down on influencer culture. good to have you with us if have justjoint us. this is business today. we begin in ukraine — as you've been hearing, today marks the third anniversary of russia's full—scale invasion. in a show of solidarity with ukraine the uk government today will announce new travel sanctions on kremlin—linked figures including politicians

and managers or directors controversially opening bilateral talks with russia, decades to recover from. of the year at $120 billion dollars and the damage to infrastructure at around a trillion dollars. there are big questions about funding ukraine's to visit washington, while prime minister sir keir starmer will be there on thursday. ukraine's centre for economic strategy. good to have you on programme. the economic damage

figure that we mentioned, $120 billion, each huge. took us through the scale of has in 7 in the 7 7 in the last three happened in the last three years. happened in the last three ears. , ., , happened in the last three ears. ,., , years. yes, of course. despite losin: years. yes, of course. despite losing i lot — years. yes, of course. despite losing i lot of _ years. yes, of course. despite losing l lot of resources, - losing a lot of resources, despite losing lot of people despite losing a lot of people and a lot of territories and also a lot of assets ukraine still managed it to be resilient. 0f still managed it to be resilient. of course this figure of hundreds of billions of is scary for of losses is scary for everyone. a figure of 400 is 7777335511287” 7 777i7s7neededf7or77 7757754323 {juliana billion is needed for building, according estimations. the according to estimations. the country is and we country is struggling and we are resilient. it is neta ,. 7 w , strong are resilient. !t is nets ,. e w 7 strong but are resilient. lt is nets ,. - ,-. - strong but is someth7ing something for the still something for the

country. ukrainian businesses are ukrainian working, and businesses are werking. andrbusinesses to get access the struggled to get access to the to the electricity to the werkferce much needed electricitth the werkferce much needed to into operational invest into the operational resource, subcritical investments. western help, aid from europe, from western aid from europe, from member states, from the the member states, from the us, the member states, from the us, the uk, course, obviously. e ..a. ,£:e,e’fs;:% is of the strongest7 this is one of the strongest and probably one of the main reasons behind the fact that ukraine is and is uefe'he ie ene eee elee'fie is a uefe'ee ie el'ee eee elee'ee is a critical week for and keir and keir starmer and keir starmer saying and keirstarmersaying is and sir keir starmer saying it is they will be talking something they will be talking to president about this to president trump about this week. course, peace talks week. of course, peace talks continue. if a peace deal is

brocade, who do you expect to step in to help ukraine we step in te help llisreine we” e ' f e ., step in te help lliereine we” e ' f e ., —— rebuild? etep in te help elsraine fig -. ,.-., ~ f f -- rebuild? ., ., built -- rebuild? the ma'or thinking i built -- rebuild? the ma'or thinking here i built -- rebuild? the ma'or thinking here i what i built -- rebuild? the major thinking here i what the i built -- rebuild? the major- thinking here i what the terms thinking here is what the terms and will be. and conditions will be. what thinking? ukraine has to pa e’£e.?zee:7 ee part of eu7rope defence and as a whole so has europe as a whole so europe has a lot of things to offer to europe. we know europe has europe.rwerknsprrope has been its competitiveness the77competitiveness fidfi was and the deal be published soon should be published soon on competitiveness. part of it is

the innovation development for ukraine has a lot 777 7 was. he $7170} li 7 77 which ukraine has a lot of smart it ready to really smart it guys ready to work and contribute to that. is development of the e? eflenergy energy which also greenenergywhich leraine else a lot of to offer. has a let at things te effer. " " f ”w right. sorry has a let ef things te effer. " " f ”w right. sorry to interrupt. all right. sorry to interrupt. we have to leave it there but we your expertise on we appreciate your expertise on this and thank you for talking to us about outlook for but an economy that has been languishing for the last two years. as you've been hearing, the german parliamentary election has been won by the centre—right christian democrats the christian democrat — or cdu — leader friedrich merz needs to form a coalition that will not include the alternative fur deutschland — a hard—right party that came

and yet striking a deal with left—wing parties will be a big challenge. germany has been navigating choppy waters over the past couple of years. and the motor of the country — it's important car industry is in crisis. senior economist at the german economic institute. good morning to the result of this election is as expected. what is friedrich merz promising when it comes to german economy? german econom ? �* , the german economy? result is as expected, we the result is as expected, we have a clear winner, the they have to be have a clear winner, the now they have to be have a clear winner, the now form ey have to be have a clear winner, the now form a have to be have a clear winner, the now form a coalition. e likel form a 2:2 with the cgafilignyyith the social as cgagtionwith the social as it turns out, and democrats, as it turns out, and i would expect is his what i would expect is that his main priority be to main priority would be how to

deal with competitiveness. we seen a seen a recession seen a recession the had seen a recession over the two years and we have seen over five years stagnation for over five years so the big economic slump. we so the big economicslump. we to restore need to restore competitiveness. this relaxed macro relates to delay macro relates to the labour market but also high energy costs. it labour market but also high energy costs.— labour market but also high energy costs. enema costs. on the coalition depending on the coalition partners. chancellor partners. 0utgoing chancellor 0laf scholz was trying to come up 0laf scholz was trying to come up with an industrial plan, increased borrowing and is led to 77 77 77l7ed7to7the7 7 77 7 77 77l7ed7to7the7 coll7aps7e7 7 77 1am; coll7aps7e7 $f777 7 �* three party do 7 do you 7 do you think friedrich merz how do you think friedrich merz navigate what is will navigate what is desperately in desperately required in germany, see the economy desperately required in gern on y, see the economy desperately required in gern on y, si 1 the economy desperately required in - gern on y, i s-conomy desperately required in gern on y, i s omy back on track? eee? is to restore back on trade; - is to restore growth, l priority is to restore growth, we need economic and we need economic growth and this will help with our social security systems. this will help with the break, which help with the debt break, which were limited by, there is only so much that we can take on.

but if gdp is growing you also have a higher possibility to take on debt and we are still to take on debt so it is able to take on debt so it is notjust this. it is 77ab7o7ut7 7 77 7 77ab7o7ut7ho7w7 77 7 7 351115014715 77 7 7 ebbhiiiév} to set 7 ebbhiiio}; to s7et7the really about how to set the right how to bring right framework, how to bring business conditions into a setting that companies are optimistic again. we seen optimistic again. we have seen the we had big with the coalition, we had big arguments the partners business was that business sentiment was really on an all—time low, lowest since the pandemic, and —:: he manages to restore if he rna "aces—truestee confidence if he manages—twmstee confidence but also to business confidence but also to stabilise and improve of households, we expectations of households. we see growth and we would see growth again and we would see growth again and we would have more focus on how to would hevemerefocps on how to with our would hevemerefocus on how to with our economy would havemerefocus on how to with our economy over would hevemerefocus on how to with our economy over the deal with our economy over the next five to years. next five to ten years. what are your _ next five to ten years. what are your thoughts _ next five to ten years. what are your thoughts on - next five to ten years. what are your thoughts on what i next five to ten years. what. are your thoughts on what he next five to ten years. what. are to ii’ thoughts on what he next five to ten years. what. are to say oughts on what he next five to ten years. what. are to say 0 not 5 on what he results were coming through the results were coming through about the us administration and the german relationship with i the german relationship with america? i think this is the big issue- _ america? i think this is the big issue. yesterday - america? i think this is the i big issue. yesterday evening leis ieeee. e’eeeefee? canine " ' " the election came after the election results came out were all sitting

gyliltey, were all sitting �* and it oytjjyeywere all sitting �*and it is clear that tegether and it is clear mar..,.,.u--..-._.. ..- is tegether and it is clear thatrr , ~ , is the the this—is the elephant in the we need to make sure that room. we need to make sure that they stay on track with the us, that we have good negotiations, thatrwe—haye geee neeetiatiens. we can a thatrwe—harve geee neeetiatiene. we can a deal thatrwe—harve geee negetiatiene. we can a deal with that we can make a deal with trump when it comes to trade policy, and in the past the main concern the of main concern was the impact of trade tariffs on the german economy. germany is very expert orientate, the us is our biggest training partner —— trading partner so we have a interest. now return to the big interest. now return to the security question in europe, especially ukraine. thomas 0bst, thank you for 0k, thomas 0bst, thank you for your time, 0k, thomas 0bst, thank you for yourtime, good 0k, thomas 0bst, thank you for your time, good to get your take the elections. attention will be on how european leaders fare plus markets ended on a sour note on wall street on friday administration might do next. susannah streeter is head of money and markets, hargreaves lansdown.

good morning to you. a new week begins and we are all sort of trying to sort of pause for week last week with incredible week last week with talks on in riyadh talks deind en in eiyaeh—r the us russia. the between the us and russia. the focus on ukraine. then a german at the end of the election at the end of the week. give us your take on what week. give us your take on what week might look like for this week might look like for markets. we can't hear you at moment, you have your button on? let’s tn; mute button on? let's try again. can you hear me? no, we cannot hear you. unfortunately, we cannot hear susannah streeter at the moment. we will to with may try to reconnect with her may be a little bit later. of electric vehicle production at its 0xford mini plant here in the uk. on the £600 million upgrade of its plant.

vehicle production. years is too high. as a "no—brainer". conservative government included steep import duty for indian students and businesses. the chinese ecommerce giant alibaba has announced it will invest $50 billion dollars in artificial intelligence and cloud computing. strides in the data side

of its business over later this year, the italian supercar maker will launch its first all—electric model. so will the move to super—silent battery power help it appeal to a new generation ? or could it alienate the ferrari fanbase? to ferarri's chief executive, benedetto vigna. look. the hybrid power. hybrid, yes. that was the supercar.

0k? with one electric — i like to say electric engine, not motor, because it's closer to thermal engine. we started to offer our client the possibility of hybrid model. so it is a journey. electric car that does wonderful things, you can paint it red. well, the problem is not to build an electric car or to paint it red. whatever is the attraction — it can be naturally aspirated, that's the point.

but for many of your clients, the emotional part is the noise. engines, barking v85. how will a whispering, quiet electric car appeal to those people? take our electric ferrari, there will be existing clients that will take also our electric ferrari, and there will be new clientsjoining us. i mean, think about this. in 2019, when we announced the first hybrid car, there were a lot of rumours saying, you know, people well, last year — in 2024 — 51% of the cars we sold were hybrid. who is going to be buying ferraris?

were very small that are getting some traction. was smaller — much smaller than it is today. it's an interesting market for us. in 2019, before covid, the market over there was half think about poland. these are all countries that are growing, because very people buying ferrari. the boss of we have the link with the boss of we have streeter, ink with the boss of we have streeter, headith the boss of we have streeter, head of susannah streeter, head of money markets at hargreaves lansdown. good morning to you. well, that'sjust... that's me!

good well, that's 'ust. .. that's me! good ., ~ , well, that's 'ust. .. that's me! good . ~ , ., week e: 77 week for financial this week for financial markets, as i was explaining such a huge 77 such a huge week 77 such a huge week for 7 th77e th77e german geopolitics with the gerrnan what might election results, what might happen with to ukraine, happen withfegards tollkraine. �* thoughts? happen withxegards toukrain thou . hts? , happen withxegards toukrain thou~hts? ,. ., , your thoughts? yes, certainly the markets _ your thoughts? yes, certainly the markets ended _ your thoughts? yes, certainly the markets ended last - your thoughts? yes, certainly the markets ended last week| your thoughts? yes, certainly i the markets ended last week on more of a sombre note but certainly there is expected to be a positive opening for the in frankfurt, expected to dax in frankfurt, expected to really regain after losses on friday and that is amid expectations that the change in the fiscal will mean the fiscal rules will mean is more money to on the econom . but kick—starting the economy. but also on defence spending, as well. stateside, the focus is eee” e�*e�*ee'ee {he ffi�*ee ie be eee“ e�*e�*ee'ee {he fee�*ie ie be on inflation. going to be back on inflation. there have been real worries that consumer sentiment is dipping back and inflation much higher. exdectations are much higher.----.-- that inflation isjust concerns that inflation is just going to be lot stickier and going to be a lot stickier and that means rate cuts, interest rate cuts from the federal

fete ee'te "e— thee eeeeeele'e " .. ' " " ' 'e ' e' e - maybe fewer reserve, maybe fewer and �* between this year and farther between this year and course overlying all of this of course overlying all of this is the us trade policy and —7: for po7tentially lebesepssiens fer eetenta" u p lebeseussiens fer eetentialle' up consumer prices putting up consumer prices further. there a key measure further. there is a key measure of inflation that indexis index is out, 7 7 7 index is out, all consumption indexrris out. all will be on consumption indexis out, all will be on that, but wall eyes will be on that, but wall street is to open makin e7 ee7 77m7a7king up making up some of higher. making up some of games. friday's games. 0k, susannah, thank yom _

the uk's economy is growing at a snail�*s pace — at 0.8% in 2024. but the net zero economy has grown 10% over the past year. net zero businesses

and industries remove as much of the green—house gases as they add. target across the whole economy by 2050. they came out with this research. welcome to news. research. welcome to bbc news. net zero businesses that the net zero businesses that you describe saw significant growth in 2020 for it. what kind of businesses are we talking about? good morning. net zero _ look - talking about? good morning. net zero _ look like | netraero businesses look like different things. they many different things. they look like fitting solar look like people fitting solar panels on roofs, also looks panels on roofs, it also looks building = -e like heat pumps, e like heat pumps, buet farmers who are efarmers who are planting also farmers who are planting trees on land, so it is a trees on their land, so it is a whole of jobs. whole swathe of differentjobs. and actually what the analysis

and actually whatrthe analysis with some from shows with some analysis from cbi economics and the date is actually that these city is actually that these jobs and this wealth has really spread across country, so places like scotland, the north—east, humberside. that is where the net zero economy is booming it creating booming and it is creating those lifelong jobs in those sorts of communities. and those lifelong jobs in those sorts of communities. know, as a percentage, what you know, as a percentage, what size the net zero business �* is, compared to all across the uk? i businesses across the uk? i think is about 3%, 4%, i think it is about 3%, 4%, so i really part and really significant part now and i think a lot of the time when net zero is being discussed, people are thinking it as people are thinking of it as some sort of abstract concept but actually net zero is releasing those stopping releasing those greenhouse gas emissions and greenhouse gas emissions'and change but the limiting climate change but the analysis also shows that this a really proiiitabiie industry is a really profitable industry �*and is a really profitable industry �* and the is a really profitable industry �*and the uk is not going it ona on a net zero. lots of alone on a net zero. lots of other countries also have the sorts of targets for §9£'(.s..l>.f.tacgets for pumps, spttsoftatgets for pumps, and for renewablesv heatpumps, and for else. renewablesvheatpumps, and for else. so the renewablesjrheatpumps, and for else. so the uk z

first on a lot of 7 fiiest on a lot of these moving first on a lot of these is actually a real industries is actually a real benefit because then we can export our expertise and also �* products to export our products to other countries all across world countries all across the world who also aiming for net who are also aiming for net zero. . ., , e7e77e about talking about an industrial its outlook for that forward. we are still on e e ondetailas e e on detail as far is concerned. is7 concerned. w7hat is7 concerned. what you that is concerned. what are you looking i that is concerned. what are you lookin: ~ looking for? i think in the industrial _ looking for? i think in the industrial - the i looking for? i think in the - industrial - the energy industrial strategy, the energy industry and things like the industry and things like the industry are really —:7 for certainty. e for certainty. 0ver the looking for certainty. over the last couple of years especially 72:2: the government 7 the government ther7e with the old government there was a lot of policy instability and rowing back on measures that really destroys that really just destroys confidence so making there e sure there is long—term and long—term policy place e place helps e place helps toe place helps to esecure that in place helps to secure that investment in the uk in place helps to secure that inver elsewhere ie uk sures . .. . . in place helps to secure that inver elsewhere because e§3 . .. . . in place helps to secure that inver elsewhere because these .. . . than elsewhere because these can put anywhere companies can put it anywhere in the world, right? so the uk has to make itself 777 being stable77 7 777 being stable7;nd7 7 777 being stable7;nd7 hav7ing and being stable and having incentives in place can really help with that.— help with that. (skiff. from help with that. qt’eeiefi. - from ti?- help with that. ql’eeieg - from the energy help with that. g - from the energy and ralston from the energy and climate intelligence unit,

you for talking to us. now, in london diners are being hit some influencers are accused of ordering just one dish and a shared glass of wine to generate material for a social media post. has influencer culture got out of control, or is it time and invite influencers to drive bookings? global head of influence at the 0gilvy advertising agency. to get you a view on this. what do you think? do e: -: e lisp 71857 77 7 any london's top restaurants really influences anyway?

ithink i think the reality i think the reality is peo ple .......s:.se.§ee—.eeee?ee:e peeple trust 7 peeple trust people 7 peeple trust people more that people trust people more than they trust brands, than thee tru=t sense "’ ” -..--- fashion brands, restaurant, fashion brands, etc, so it is really important to embrace the whole creative economy. you cannot and economy. you cannot pick and choose parts of the creative choose parts of theecreative work for you. economy that work for you. obviously the of obviously the whole of influencer marketing has its benefits they do work. benefits so they do work. we are coming with are coming out with a big report today we are report today and what we are actually seeing is that people actually up, actually seeing is that people gctgally up, over half of actually end up, over half of people who actually end up following influencers actually go on to follow these recommendations. 25% of these people go on to buy something so you have to embrace it. it really does work.— so you have to embrace it. it really does work. how do you know - influencers - really does work. how do you know - influencers to - know which influencers to invest there are so many invest in? there are so many out there and many will arrive at a restaurant and say, i am a �*andi at a restaurant and say, i am a �*and i will talk influencer and i will talk about on social about your venue on social media so me a free glass wine. how do you value

of