up renewables investment. tesla's share price falls sharply as european buyers shun elon musk�*s electric cars. the latest data is slightly encouraging, but dozens this is business today. we start with ukraine — as you've been hearing it's

but it may unlock the us funding to allow ukraine to continue defending its territory against the ongoing russian invasion after three years of war. it's a very big deal. it could be whatever. but it's rare earths — and other things! and, look, we're spending hundreds of billions of dollars on ukraine and russia fighting. $350 billion and lots of equipment and military and... look. ukraine, i will say they're very brave and

short period of time. are critical for basically any industrial application we know today. so, for instance, for electrification and electric vehicles, batteries, but also for aerospace so they are of great value to the united states, hence i mean, we see that the us

really wants to get access most notably china, which has dominated on the other hand, we don't know what rights the us will get. so what we do know is there will be a fund, the fund for instance, china to become part of that industry. and it's interesting, isn't it, how this has changed the situation in the space of a weak? when you look at the rhetoric going on between president

but in terms of the outlook for ukraine, the fact they have guarantees going forward, funding coming from the us, deal is brokered. look, ukraine has really positioned this deal as "we understand that supporting us costs money in return, it will want some guarantees. now, we have seen that the security guarantee the us is very much pitching this deal as a way to strengthen its economic ties with ukraine, and therefore because of this vested interest

in this country. because, as you know, a large chunk of ukraine, including some of the assets you have critical raw materials, is occupied by the russians. �*amrish ritoe, strategic adviser on and gas endeavours. following the same path. so this is a big shift back to the more profitable fossil fuels as the company's fortunes struggle.

over the past five years bp shareholders have enjoyed of 77% over the same period. 149% of its share price value in that time. paul hicking is editor of the petroleum economist. i asked him what we can today. like you said, sally, it is the great reset. now it looks like back to petroleum. and gas will be back front and centre of its strategy.

we have also seen that renewables will be scaled back. ideology above and beyond the economic reality and profits. in its share price. changes of leadership — unexpected changes of changed. you have president trump with his "drill, baby, investor that has taken a near $4 billion stake what their plans are. in many ways,

it has been coming. to make these changes. been addressing some of the costs within the company investor coming on board, it really looks like they will accelerate the timeline, really go much harder speculation it could cut off some of its business and there has already been that going on. i was in india energy week a couple of weeks ago and they made a deal with ongc — an indian oil company about accelerating that

timeline and being a little bit front and centre. as, say, in europe but, at the same time, like you said, that shift even in europe. we will be bp�*s reset meeting today here on bbc news. meeting today here'en bbcfnewe. will update meeting today hereon bbcfnewa. will update you. now let's talk about tesla — the market value of electric car maker sunk below $1 trillion for michelle fleury was watching all the action in new york. after that, the price shot up to more than $479 in mid—december,

or around 90%. but on tuesday, it closed back below $303. paper fortune is close to being wiped out altogether. the sharp fall comes as demand for teslas as rivals�* sales rose. one reason is increased competition from chinese evs in the euro area. a principled stand on musk�*s political interventions. elections on sunday. involvement in slashing us government spending. price now under pressure,

michelle fleury, there.

bitcoin dropped to a three month low — such as ether also seeing falls. today in washington, the senate banking committee will hold a hearing to discuss regulation that supporters say could herald a "golden age for crypto". top priority for this congress. katharine wooller is chief strategist at softcat — an it consultancy.

more crypto—cynical incumbents exiting after biden�*s of the regulator, the sec, and of course a bitcoin from the crypto industry. and a real sense that that would hopefully start a number of agencies working better together, and provide a better and clearer regulatory framework. companies have been dropped

over time — most notably a large crypto exchange, and robin hood — an investment so we expect more to follow and of course it is broadly good news for the crypto industry as a whole, investors and of course institutions looking to do business there. senator tim scott saying, "this is my priority for this congress." concerned about crypto. lots of people don't. by enforcement — so essentially not really having appropriate regulation, but using some quite aggressive lawsuits to try and clarify those rules.

things like staking, essentially an interest account so lots of issues which have been a little bit unclear are hoping to get resolved in the near future. without electricity. in affected areas, where soldiers have been deployed. in latin america, has had its third day cancelled. of homes should have heat pumps within 15 years, say the uk government's independent climate advisers. by law the uk must reach "net zero" by 2050 — meaning it no longer adds to the total amount of greenhouse gases

in the atmosphere. but the climate change committee says that to reach south korea's birth rate rose last year — latest data just out. it's now 4.7 births per 1,000 people — still one of the lowest rates in the world, if we look at the fertility rate in south korea in their lifetime. needless to say, south korea is facing a national crisis. certainly a demographic one. it has one of the world's fastest—growing elderly

people, those aged 65 and above make up about 20% of the total. the government has called it a "national emergency". this week it emerged that roughly 50 schools may be forced to shut this year because there are not enough students to teach. he told me more about how serious the issue is. actually, it is better to have an increase rather is actually not much different, so that means still korea's fertility rate is the lowest low in the world and the for quite some time. married and have children.

why is it not working? maybe government from the beginning tried to find the cause, a major cause of this lowest low fertility. however, they tried to focus from the welfare—driven but sometimes it don't. many people say sweden, in terms of a welfare system, is the best in the world but their fertility rate also decreased, so welfare cannot be the solution. but somehow the korean government wanted to solve this problem through the welfare lends. the welfare lens. when you say through welfare policies — i assume, children that is the main issue? right. cost of children is a main issue. which is competition.

among the younger generations, the competition, the rate the competition with each other is really high and intense rather than reproduction. when you talk about competition — just explain if they have children, is it about the fear they may not look or be as well educated or... no, no. what do you mean by that? i mean that almost half of the korean population to compete with each other for all of the resources. right.

seoul, so that means that... his take on the demographic changes in south korea. that brings to a close business today at. as mentioned today at. as i mentioned that with bp without that meeting with bp here in london. simonjack has already done a good already done a really good piece online to take a on piece online to take a look on the bbc news for now, the bbc news app. for now, from me. it is not quite goodbye. still a little more for those of you watching in the uk. let's talk about potholes. they are a common complaint for drivers and cyclists across the uk.

appearing in our road surfaces for good. roads. but a research project between swansea university and king's college london is looking at ways of reducing the cracks before they develop... but first, we need to cook up some asphalt. is itjust a case

now that you mix these two together? it's literally cooking. they laugh. aggregate? it's not like anything i've ever cooked. well, actually, that's a lie. definitely. yeah! you've just made asphalt. yeah. now, what do you do to turn this from regular asphalt into self—healing asphalt? in order to increase the life span, in order to advance the bitumen asphalt mixture, we need to incorporate capsules. the capsules contain tiny, porous materials

yeah, this is asphalt mixed with capsule inside. put it here. i'm using this one. 0h! when the crack breaks the capsule, the self—healing effect in order to close the crack autonomously. wow. so that's it? that's it working? and using thermochemical process to produce the property of the

bitumen, we are ready research is continuing into different types of self—healing will that day ever come? we wonder. to the findings of the grenfell tower inquiry later today. companies, failures by governments, and a lack of strategy by the fire service. graham satchell reports. the years was responsible for the deaths of 72 people in one of the worst public tragedies in recent history. human life was never

a priority, and we lost through greed, corruption, incompetence and negligence. and weak, fragmented government oversight. it said there should be a new construction regulator to oversee new products, fire testing, building control and the licensing of contractors. anything at least 18 metres high — is arbitrary and should if they're vulnerable. and it said a new fire—safety strategy should be implemented the government has already agreed to implement personal evacuation plans to help vulnerable residents if there's a fire. inquiry later today. graham satchell, bbc news.

hello. the start of march. with some outbreaks of rain swinging eastwards, followed by a mix of sunny spells and showers. working its way eastwards as we go through the day, with some pretty heavy bursts of rain, some snow mixing in the southern uplands. outbreaks of patchy rain. weather and sunshine — temperatures generally 7—10 celsius. now, during wednesday night,

we see this band of cloud but where we see clearing skies, temperatures will drop and through thursday, well, we see this ridge of high pressure beginning to extend its influence — and so actually, we're looking at a fair bit of dry weather. some early splashes of rain, i think, across parts of eastern england, some showers into northern ireland, northern and western parts of scotland. it will stay fairly breezy here, but for most, thursday of around 8—10 celsius. through thursday night, as this area of high pressure through friday morning, it should clear. and then, a lovely—looking day, spells of sunshine, a bit breezy up towards the northwest, and temperatures of around 9—10 celsius.

well, our area of high pressure will still be with us into the weekend. now, this weather system tries to push in from the northwest — so, a lot of dry weather on the way. this is the forecast for the four capital

live from london. demand of president trump. prime minister sir keir starmer will travel to the us survivors of a prison fire in the democratic republic congo

and women were killed. and catch all of the other planets in the solar coming up on business today. a big u—turn at bp. mineral resources. president trump described the deal as "very big" and said president zelensky wanted to sign it alongside him when he visits washington on friday. joe inwood reports.