tv Business Today BBC News February 24, 2025 7:30am-8:01am GMT
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we hear from the boss of ferrari about what's driving the company's thinking ahead in the era of electric cars. clamping down influencers. live from london, this is business today. for the last two years. election has been won by the centre—right but the pathway to government is tricky. the christian democrat — or cdu — leader friedrich merz alternative fur deutschland —
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a hard—right party that came in second with 21 percent of the vote. will be a big challenge. the past couple of years. the economy shrunk in both 2023 and 2024 what is for thomas obst is senior economist at the german economic institute. is in berlin and tell me more the primary moreaboutthe primaryeconomic of the new chancellor. the last two years and we have seen stagnation for over five
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and we need to restore competitiveness. to high energy costs. with an industrial plan, increased borrowing, and that's what led to the collapse of their three—party coalition. how do you think friedrich merz will navigate what is back on track? i think his main priority is to restore growth. we need economic growth and this would help us with our we can take on, 0.35% of gdp, but if gdp is growing you also
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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 — and improve expectations of households, we would see what are your thoughts on what he had to say not long after the results were coming through about the us administration and the german relationship with america? i think this is the big issue.
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on the german economy — germany is very expert oriented, the us is our biggest trading partner, but now it has shifted to the security question in europe — especially related to ukraine. is some reaction to outcome of the election in is some reaction to outcome i 0f1e election in is some reaction to outcome i of course :ion in is some reaction to outcome i of course :ion economy germany. of course the economy was �* the germany. of course the economy was �*the key issues for at. . , atzthe 7 atzthe moment 7 atzthe moment the euro voters. at the moment the euro hasjumped in to a has jumped in value to a one—month high the back of result. 7 result. alsvo stock futures the result. also stock futures are indicating that when german are indicating that when'germau—g to are indicating that whan'garrnan to in frankfurt it markets to open in frankfurt it be a start the will be a strong start to the day. that as a consequence day; thatris as a— conseqdence no in the outcome this election.
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of this election. the of the european union the heads of the european union have arrived in kyiv join have arrived in kyiv to join president zelensky on the of: of russia's a anniversary of russia's a full—scale invasion of ukraine. they have just announced a new of euros to payment of 3.5 billion euros to be paid in march as well as plans to up european arms plans to scale up european arms production and defence pggggcticuuand defence — — in a �* of ”c” . .t°.d.ay today announce government today will announce new travel sanctions including linked figures including politicians and managers or directors of big russian decades to recover from. peace and rebuilding its infrastructure. maria repko is deputy director at the centre for economic strategy
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in ukraine. she told me more about the of the scale of destruction the country has over the country has suffered over the last three years. despite losing a lot of resources, despite losing estimations. pre—warfor ukraine. nevertheless, the country 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.
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are working, and businesses struggled to get access which is much needed to invest into the operational resources and maybe into some critical investments. and the western help, western aid from europe, from the uk, of course, obviously — this is one and cloud computing. last week the company's share price soared by 15%. strides in the data side of its business over
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once the face of chinese tech and an online entrepreneuriatient. an online giant who is a self—made entrepreneuriatient. an online gi was iho is a self—made entrepreneuriatient. an online gi was china's self—made entrepreneuriatient. an online gi was china's richestade entrepreneuriatient. an online gi was china's richest man he fell out of until he fell ill fell out of with beijing. now the maligned tech exec is once maligned tech exec is back. last week he was in back. last week he was seen in a meeting president a meeting with president xi jinping alongside other business leaders and is business leaders and alibaba is posting strong figures, its share up 6% this year. share price up 6% this year. like every company it like every tech company it has set sights ai. in a like every tech company it has set sights ai. ina blog set its sights on al. in a blog post it said it wanted to out it said it anted te m ——— — — ~— ———— —— a key paft it said it anted te m ——— — — ~— ———— —— a key part paft it said it anted ta m — —— — — ~— ———— —— a key part for companies eeee'fie e eee eefe fef eeheeeefeefh "7”? w and eeee'fie e eee eefe fef ee'eeeefeef” "7”? ff and ai eeee'fie e eee eefe eef ee'eeeefeef” "7”? ff and al to real f models real models evolve the real world as models evolve andrneed computing power. is investing not f is investing not only f is investing not only in f is investing not only in its it is investing not only in its own ai products but a number of the start—ups. the the chinese start—ups. the has excited announcement has excited investors especially as it 500w soon after fellow fife: ee :——— cheerp chinese platform deep seek released its chat but.
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just eat is set to be acquired f the investment group process a fa deal ff ffafdfealwhtihf ff f ffafdfealwhtihfisfff f ffafdfealehtihfisffszidff f ffafcfifealeifitihfisffszidto f adfeal qhtiiifingiu e; be than 4 f f fffthanfleriflflion the more than 4 billion euros. the move marks an end to a few years for just tumultuous few years for just eat, whose shares surged during pandemic but fell sharply the pandemic but felt sharply lockdown the pandemic but fell sharply lockdown ended. company as lockdown ended. the company bought grub for $7.3 bought grub hub for $7.3 billion 2021 but sold it billion in 2021 but sold it last november for $650 of electric vehicle production at its 0xford mini the company blames "multiple uncertainties facing the uk automotive industry has been in a long—running vehicle production. vehicles they are expected
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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. cbi economics and the data city is actually that these jobs creating those lifelong jobs in those sorts of communities. and do you know, as a percentage, what size the
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now, and i think a lot of the time when net—zero is stopping releasing those greenhouse—gas emissions and limiting climate change. profitable industry now, and the uk is not going it so the uk moving first on a lot of these industries is actually a real benefit because then we can export our expertise across the world who are also aiming for net zero. we are still waiting on detail as far as that is concerned. what are you looking for? and things like the steel industry are really looking for certainty.
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with the old government, there was a lot of policy destroys investor confidence. because these companies can put it anywhere in the world, right? jess ralston, there. from the energy and climate unit. let's stay this subject. 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's a question our
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correspondent theo leggett put to ferarri's chief executive, benedetto vigna. look. 2009, first fi car with the electric... the hybrid power. hybrid, yes. 0k? not motor, because it's closer to thermal engine. then you have, in �*i9, we started to offer our client the possibility of hybrid model. so it is a journey. but you can build an electric car, you can build a high—tech you can paint it red. well, the problem is not to build an electric car or to paint it red.
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whatever is the attraction — it can be naturally aspirated, and the emotional part, and we have to be able to stimulate both. part is the noise. ferraris have always been linked to screaming vi2 and v10 clients that will take also our electric ferrari, i mean, think about this. in 2019, when we announced
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the first hybrid car, well, last year — in 2024 — 51% of the cars we sold were hybrid. there go. the boss of ferrari talking the ferrari talking about the new electric future. now, in london diners are being hit restaurateurs blame "reservation—squatting", and freeloading social—media influencers. and a shared glass of wine to generate material i think the reality is that people trust people more than they trust brands, restaurants, fashion brands,
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the whole creative economy. you cannot pick and choose parts of the creative obviously the whole of influencer marketing — over half of people who actually end up these recommendations — 25% of these people go on to buy something — so you have to embrace it. it really does work. how do you know which at a restaurant and say, "i am an influencer, i will talk about your venue on social media so give me a free glass of wine." how do you value influencers?
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we used to look at the number of followers. you cannot do that any more. that actually works for your vibe, try it out. but how do you work with them? what do you do — offer them a free dinner or do you give come to your restaurant following their social media post? how does it work? you can give them a free dinner, ask them to post give them a discount code. you can also look at driving roi. marketing is it works. there are multiple ways to work with them at the end of the day, pick the right
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people that work for your brand as you can imagine there is quite a debate in the newsroom about that last item. 0ur influencers really question might tell what you about f let's take think about that. let's take you live to berlin as germany is up to the of a is waking up to the news of a new chancellor in friedrich merz who has tricky in ff infthe f ff fff fff infthefngys negotiations'ahead inthe'days to come. who negotiations'aheadinthe'days to come. who will he and weeks to come; who will he and weeks to come; who will he a with? more form a coalition with? more on our website. let's take a look at some other stories. survivors in the room for the south but as i have spoken
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publicly about what happened. 26 children were taking part 26 children weretaking part in y°93 f 26 children weretaking part in yoga dance workshop when a yoga and dance workshop when a 17—year—old axel rudaku ba na 17—year—old axel rudakubana run in wielding a knife. people been to the bbc�*s have been speaking to the bbc�*s special and a that you may find some warning that you may find some of the detail distressing. but a morning of fun turned to trauma. has spoken publicly. a schoolgirl, whose identity we've protected and is supported by her parents, and the yoga teacher reveal what happened that day. he then grabbed the next
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child and the next child. i saw him, like, stab my arm. and that's when i turned. i remember his eyes the most because he looked possessed. my brainjust said, "he's got me." the teachers and their teenage helper knew they had to get everyone to safety. i remember shouting for them to get down and get out. ijust thought, "i need to get some help." so...we all run towards the door and call 999. of the girls to safety.
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the truth is that more children may well have done what we'd done. like, that doesn't take that away. siren wails. process, in tribute to the little girls who didn't there is a programme later about this. the on ff f onfbbc southport attack, on the bbc iplayer now but also you will be able to watch later on be able to watch that later on bbc one at 8pm. if you have
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been by any of the dfeta ilfs f dfetfaiflfsfoff ff issues raised; detailsef ,,,, ,, that do issues raised; detailsef ww w that do offer organisations that do affsr""' " support organisations that do offor""' " support and organisations that do offor"'" " support and help information, support and help are available at... her home on tuesday. a campaign group which wants the government to pay to the state pension, has warned that it will seek a judicial review. in the 1990s. it is estimated that compensation could cost
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as much as £10.5 billion, which sir keir starmer said "the taxpayer simply cannot afford". now it's time for a look at the weather. hello we go through this week, the weather is certainly to be certainly going to be changeable and, the chanooaolo anoc through’tho’”” ” ’” the temperatures changeable anoc through’thoww' w w’ the temperatures will week, the temperatures will start to slide away. so mostly we're looking at sunshine and there will be rain on showers. there will be rain on wednesday, and we will see a return to night—time frosts. look at have but look at today. we have yellows across us today but they are replaced by cooler as we go through the rest blues as we go through the rest the week. by and also the week. both by day and also night. we have at by night. what we have at the though, is some cloud moment, though, is some cloud behind band of rain that moment, though, is some cloud behind ttoi of rain that moment, though, is some cloud behind i: to move in that moment, though, is some cloud behind i: to move awayt moment, though, is some cloud behind i: to move away onto is continuing to move away onto the new continent, and then a day of and it's a day of sunshine and blustery showers. some of those heavy with hail and thunder, strings went to the north—west, and these our temperatures. and these are our temperatures. nine 13 degrees. so still
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mine to 1.33 degrees; eastill w w w wr ., ww average for fff fthfroquh f f fff thfroquhthef f year. heading on through the evening and overnight period, we have this weather front moving from bringing showers, moving from the west to the east, and then we could well see this weather front moving across the north of france, affecting of france; affecting—the , ~ islands, bringing channel islands, bringing some rain in across southern areas. we will have f f erfinichqfvfeferthérffff then we will have further , ~ coming in the showers coming in across the north and west. the cool night with the chance some air with the chance of some air frost in the north—east. us us tomorrow. the leads us into tomorrow. the weather front which could clip weather front which could clio of england moves the south of england moves away, we got another one f scoftland, ff f scoftlafnd,fand scoftland, and a f f ff flow. here is north—westerly flow. here is the weather front that could well bring that rain i mentioned into the south, moving away, a lot of dry weather, of weather, pepperingof showers weather, pepperingof showers we have a weather front and we have a weather front crossing scotland, bringing rain to lower levels but snow on the very tops of the mountains. that north—westerly coming in, too, not fstrong but we strong but we are particularly'strong out we are at temperatures a bfit lower than have a range of eight to we have a range of eight to about 11 or degrees. as we about 11 or 10 degrees. as we had through the week,
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is looking like it is accentuou,” . . . ffffffftbfbfef . . . ffffffftbfbfef weft, f f ffffffftofbef weft, we f f ffftofbef weft, we could f ffftofbef weft, we could see going to be wet, we could see some fast vesting in scotland, going to be wet, we could see som the t vesting in scotland, going to be wet, we could see som the t vesting in right and, going to be wet, we could see som the t vesting in right the. then the rain moves right the way across us. snow to about 1:00 metres or potentially about 400 metres or so. some brighter conditions, showers following on behind the and ff and temperatures seven to rain, and temperatures seven to 10 degrees. then, as we about 10 degrees. then, as we head on into thursday, a ridge of high pressure is building of high pressure is ouilo'ing us, so we're looking across us, so we're looking at across us, so we're looking at a drier day. yes, they will bef f be showers across the still he showers across the and also into the west, north and also into the west, but it will feel pleasant. but having said too, the temperatures will be ranging between 79 north to south.
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germany makes its the germany makes its choice. the next leader says the us has become indifferent to europe and the continent must become independent stop l and the continent must become independent stop— independent stop i am live in berlin - today _ are meeting to start to leaders are meeting to start to talk the next talk about the next coalition government. will bring you government. we will bring you update. gouernment. wewillb '. g . udate. ., f, ., an update. the daughter of a arrested an update. the daughter of a _ arrested in - british couple arrested in has written to the afghanistan has written to the pleading for their the f says the release. the vatican says the pope had a night in butf f but remains in a hospital but remains in a critical condition with hospital but remains in a critical conr and | with hospital but remains in a critical conr and kidney pneumonia and kidney the pope drama complications. the pope drama conclave wins, a key of complications. the pope drama conclav ahead a key of complications. the pope drama conclav ahead of key of complications. the pope drama conclav ahead of the of complications. the pope drama conclav ahead of the oscars success ahead of the oscars next week. hello. we start ukraine. world are arriving in
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