tv Business Today BBC News February 24, 2025 6:30am-7:02am GMT
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we from the news in germany. once the powerhouse of economy that has 7' " “earth; i for the two languishing for the last two years. the german parliamentary has been won by the years. the german parliamentary has christiani by the centre—right christian democrats and their bavarian the christian social partners the christian social union the pathway to union but the pathway to is tricky. the government is tricky. the christian democrat leader, friedrich merz, it needs to a that a 7 that will not the md the hard include the md party, the hard right party that came in second right party that garnering second 21% of right party that camerin secs-1d 21% of the vote. and yet right party that camerin secs-1d 219 a )f the vote. and yet right party that camerin secs-1d 219 a deal; vote. and yet right party that camerin secs-1d 219 a deal whether1d yet striking a deal whether left—wing parties may prove ., germany has left—wing parties may prove w germany has been challenging. germany has been over pasta; ”if past couple years, the the past couple of years, the economy in and economy shrunk in both 2023 and 2024. and the economy shrunk in both 2023 and 202a. and the motor of the country, its important car is in crisis. i spoke industry. is in crisis. !spc\!ce the industry. is in crisis. !spc\!cs
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the senior economist at the to the senior economist at the german economic institute in and he taid me more 7 7 whatwould be 7 7 what would be the primary about what would be the primary focus of friedrich economic focus of friedrich merz. they have to be quick now to form a coalition. his main priority would be how to deal with competitiveness. you have mentioned it — we have seen a recession over this relates to the labour market but it also relates to high energy costs. the outgoing chancellor olaf scholz was trying to come up
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back on track? i think his main priority is to restore growth. this will help with the debt break — of course we are still able to take on debt, so it is notjust about this. it is really about how to set the right framework, how to bring business conditions into a setting that we have seen, as you said, when the coalition failed, sentiment was really on an all—time low — growth again, and we would have more focus on how to deal
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german economic in berlin. as you've been hearing, today marks the third anniversary of russia's full—scale invasion. in a show of solidarity with ukraine will be banned from entering the uk. last week the united states stepped up controversially opening bilateral talks with russia, which have excluded ukraine or european allies. decades to recover from. of the year at $120 billion and the damage to infrastructure at around a trillion dollars.
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is growing, the country is struggling and we are resilient. last year, gdp grew at, like, 3.5% or something like this. for the country. it is ambition despite being apart. ukrainian businesses are working, ukrainian people are working, and businesses struggled to get access to the electricity to the workforce and to financing, which is much needed to invest into the operational and the western help, western aid from europe,
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of electric vehicle production at its oxford mini plant here in the uk. on the £600 million upgrade of its plant. vehicle production. car makers have argued that the number of electric years is too high. britain's business and trade secretaryjonathan reynolds is in india today to restart talks on a possible trade deal. he's described the ambition to strike a deal with the soon—to—be third biggest economy in the world as a "no—brainer". and businesses. as a "no—brainer". sticking points in earlier negotiations under the previous conservative government included steep import duty conservative government included steep import duty on british whisky and india's on british whisky and india's demand for more visas demand for more visas for indian students for indian students and businesses.
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the chinese ecommerce giant alibaba has announced it will invest $50 billion dollars in artificial intelligence and cloud computing. last week the company's share price soared by 15%. at the time analaysts suggested the company would make big strides in the data side of its business over the next three years. now, think of a road—going ferrari, and you probably imagine a blood—red sportscar with a screaming engine, and plenty of dna from the world of motor racing. later this year, the italian supercar maker will launch its first all—electric model. it is a pivotal moment for the company. so will the move to super—silent battery power help it appeal to a new generation 7 or could it alienate the ferrari fanbase? it's a question our correspondent theo leggett put to ferarri's chief executive, benedetto vigna. the electrification journey
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in our company started in 2009. look. 2009, first fi car with the electric engine hybrid. the hybrid power. hybrid, yes. then 2014, you have the laferrari. that was the supercar. 0k? with one electric — i like to say electric engine, not motor, because it's closer to thermal engine. then you have, in �*i9, we started to offer our
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we have to start from what we have in our head — and the emotional part, and we have to be able but for many of your but for many of your clients, the emotional clients, the emotional part is the noise. part is the noise. ferraris have always been linked to screaming vi2 and vio engines, barking v8s. engines, barking v8s. how will a whispering, how will a whispering, quiet electric car quiet electric car appeal to those people? appeal to those people? we will have existing we will have existing clients that will not clients that will not take our electric ferrari, take our electric ferrari, there will be existing clients that will take also our electric ferrari, there will be existing and there will be new clientsjoining us. i mean, think about this. i mean, think about this. in 2019, when we announced the first hybrid car, there were a lot of rumours there were a lot of rumours saying, you know, people saying, you know, people will not take hybrid cars. will not take hybrid cars. well, last year — well, last year — in 2024 — 51% of the cars in 2024 — 51% of the cars we sold were hybrid. we sold were hybrid.
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and into the next decade, the next two decades, who is going to be buying ferraris? where are your most important markets going to be? ferrari—buyers will be in the existing countries, but also in emerging ones. we see already there are some countries that a few years ago were very small that are getting some traction. take the case of taiwan — taiwan, five years ago, was smaller — much smaller than it is today. it's an interesting market for us. but also consider, for example, also china. in 2019, before covid, the market over there was half what is the market today. but then i have, in europe, to think about czech republic, think about poland. these are all countries that are growing, because very often, you know, we think only about the big one. no — there are also other countries that are growing. and that's where i believe there will be people buying ferrari.
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7 7 with business today. the uk's economy is growing at a snail�*s pace — at 0.8% in 2024. that's according to a new report by the energy businesses will be a significant driver of british growth in the years ahead. net—zero businesses and industries remove as much target across the whole economy by 2050. of the net zero businesses
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described in it. well, net—zero businesses look like many different things. they look like people fitting solar panels on people's roofs, it also looks like people building electric vehicles farmers who are planting trees on their land. so it's a whole swathe of differentjobs. creating those lifelong jobs in those sorts of communities. across the uk?
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as some sort of abstract concept, but actually net zero alone on net zero — lots of other countries also a real benefit because then we can export our expertise across the world who are also aiming for net zero. the current government is talking about an industrial strategy — its outlook for that going forward. what are you looking for? i think in the industrial strategy, the energy industry and things like the steel industry are really looking for certainty. with the old government, there was a lot of policy instability and rowing back on measures that reallyjust
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investment in the uk rather than elsewhere — because these companies can put it anywhere and having incentives in place can really help with that. interesting. jess ralston, there. now, in london diners are being hit restaurants, with charges as much as £100 per reservation. restaurateurs blame "reservation—squatting", for a social media post. for the world of fine dining to embrace the creator economy and invite influencers to drive bookings? rahul titus is global head of influence at the ogilvy advertising agency.
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etc, so it is really important to embrace the whole creative economy. you cannot pick and choose parts of the creative obviously the whole of influencer marketing has we are coming out with a big report today from wpp and what we are of people who actually end up following influencers actually it really does work.
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i will talk about your venue on social media so give me a free glass of wine." we have a lot of technology these days which can help you with the whole vetting process of influencers. we used to look at the number of followers. with tiktok, content being democratised, virality is built into content. at the end of the day, if you are a restaurateur that actually works for your vibe, try it out. but how do you work with them? what is the way of working with them? their social media post? how does it work?
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about your content, do a partnership with them, give them a discount code. one of the big things about influencer marketing is it works. you see directly attributed sales if you track the journey. because if you don't do that then you are already setting as you imagine there is quite a debate in the newsroom that last that is about that last item. that is all in terms the top all in terms of the top business stories for now, but are many on our there are many more on our website so do a look. let's a look at some other stories.
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went missing in county durham six days ago. jenny hall, who's 23, was last seen leaving a campaign group which wants the government to pay compensation to millions of women after changes a judicial review. argues its members weren't given adequate warning when an increase in state pension age was announced it is estimated that compensation could cost as much as £10.5 billion, which sir keir starmer said "the taxpayer simply cannot afford". the sauna dates back 10,000 years and has links let off some steam.
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the british sauna society estimates there are now more # 15 minutes up, it's time for hydration. in case you haven't noticed, there's a hot—box revolution unfolding in the southeast. the sauna is no longer the preserve of nordic nerds. stop singing about it. # so hot. # we've taken off our clothes. # i am getting so hot. # time for my final cold plunge. there have been, as the song says, saunas popping up in all coastal places. post—swimming ritual.
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you kind of have to send up some of the things that the craze has taken hold in surrey. there are no shy, retiring types here in godstone. on and the hat that i have on my head, it is a bitterly cold day. so, you know, after this, for a good couple of days, ifeel a lot more motivated and more focused. into the heat, it'sjust such two extremes, and then and enjoy the outdoors -
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and what we have in the uk. the thing on my to—do list i didn't want to do, i do it first. it's therapeutic. everybody here is in inside isjust like a zen space. and, uh... and, yeah, it's my therapy, basically. so it seems a 10,000—year—old tradition is hot has never been so hot. the question is, are you cool enough to try it?
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hello. across the western side of the country. the centre of low pressure was actually some way away from our shores, near iceland, but nevertheless, this was quite a strong area of low pressure running up through the irish sea. but a few stronger gusts, 79mph gusts at capel curig. park, or eryri national park. there were a few gusts elsewhere that reached the 70s and we had lots of heavy rain, particularly in the west. over 100mm over the hills of cumbria. to cause some localised surface waterflooding issues here. so, next few hours, yes, we've got that rain to contend with across england and wales. showers for scotland and northern ireland.
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quite mild. and south—east england. slow to pull away here. and showers, the showers frequent for scotland a trough will push eastwards, bringing showers across wales where most of us will see a downpour at some point. through the afternoon. that's about four above average, for example, across western areas of the uk. temperatures stilljust running a degree or two above average for the time of year. of low pressure is set to move across the country, bringing given that there's not
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talks about the heroism of ukrainians. ijust i just knew if ijust knew if i didn't get out everyone would die. ijust ”fhingléfmfm iwould get iwouldget help. thought i would get some help. is the scene live this is the scene live at the vatican the pope remains vatican as the pope remains critically ill. the conclave film wins ahead �* next week's hello, i'm nicky schiller. we start this hour in ukraine.
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