it argues it presents case for another runway. up renewables investment. tesla's share price falls sharply as european buyers shun elon musk�*s electric cars. enough students. let's get cracking. we start with ukraine — as you've been hearing, it's agreed the terms of a major minerals deal with the us. the precise terms of the deal are unclear but its reported that washington has dropped

in potential revenue from ukraine's natural resources. and a demand from ukraine for firm security guarantees has not been granted. 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. on ukraine and russia fighting. a war that should have never, ever happened. if i were president. ukraine get in return, mr president? and... look. they're good soldiers. but without the united states

and its money and its military jeff amrish ritoe is an independent strategic i asked him how important ukraine's minerals might be are critical for basically any industrial application we know today. so, for instance, for electrification and electric vehicles, batteries, but also for aerospace so is it a win—win, in your opinion? i mean, we see that the us

really wants to get access 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 but in terms of the outlook for ukraine, the fact they have these critical minerals,

as you say, in their soil is extremely valuable to them in terms of their security but also future redevelopment of ukraine if a peace deal is brokered. look, ukraine has really positioned this deal now, we have seen that the security guarantee the us is very much pitching this deal as a way increasing its interest in the country in the hope

materials, is occupied by the russians. jeff amrish ritoe, giving us his minerals expert, giving us his take on that deal. let's look at heathrow i'm sure at,h,eathrow airport. i�*msure you have been there, many of you have been there, been through the as been through the corridors, as it were, got on a flight. it were, and got on a flight. it has reported a jump in profits of £917 million or $1.16 billion. the uk's trade and economic growth. last year 84 million people travelled through heathrow, europe's busiest airport.

site flight global. good to have you on programme. just looking at the numbers, they sound impressive. are they? numbers, they sound impressive. are the ? , numbers, they sound impressive. arethe ? , , , are they? yes, pretty impressive. _ are they? yes, pretty impressive. recovery impressive. heathrow�*srecavery covid has been pretty good from covid has been pretty good and, as you said, it has its status as regained its status as busiest airport. the 2:2 has is that those 84 -= apart from million passengers. apart from little bit of tweaking around a little bit of tweaking around the edges, that is much the edges, that ispretty much at capacity. the edges, thet ispretty much at capacity. they cannot it at capacity. they cannot grow any more, just simply grow any more, theyjust simply haven't got the ability to fly any more people so they really are now going to have to are at now going to have to look at a third runway, i think, �*they want

look at a third runway, i think, �* they want to increase think, if they want to increase the and handle more the capacity and handle more passengers. the capacity and handle more passengers-_ passengers. 25? if? the passengers. 25??? the have made it passengers¥ - they have made it clear. l to, they have made it clear. heathrow has made it clear, the government saying we are backing the the problem government saying we are bi it:ing the the problem government saying we are bi it:ing ti take the problem government saying we are bi it:ing ti take a the problem government saying we are bi it:ing ti take a very problem government saying we are bi it:ing ti take a very long lem is it could take a very long time. the process is unclear, time; the praceaa is unclear. well. there time; the pracess is unclear. well. there many who as well. there are many who are absolutely against the idea of jaté j a'eheathrow. heathrow. . expansion at heathrow. yes, i mean even — expansion at heathrow. yes, i mean even - enthusiastic. mean even eithenthueiaetie — , ~ , — government backing for expansion, the process will take a very, very long time. this is something ”able???” e —— ”ablet’ofiflfir 77 able to achieve 77 ' ' able {5 ééh'iéve' bi ’ " ' ' able {5 ééh'iéve' hi the; " be able to achieve by the end of the decade, will take of the decade, this will take at the very least a decade, at fat the very leasta decade. at very least ten years if not the very least ten years if not more. just the scale of the project,: z 5 project, the infrastructure project, the scale of the construction. then before that, all the political and planning wrangling that have to? 7 7 havetovgo 7 7 have tovgo onf 7 have tovgo onilt 7 will have to go on. it really will have to go on. it really will be a long process. will be a very long process. and the does that and in the meantime, does that mean heathrow will lose out? because, as you say, it is

mean heathrow will lose out? because, as atu say, it is mean heathrow will lose out? because, as at capacity is mean heathrow will lose out? because, as at capacity now so prettymuchat capacity new se it lose out to therefore it will lose out to its rival gatwick, but also the igtgsgrjval gatwick,. but else the �* key airports igtgsgrjvel gatwick,. but else the �* key airports around the other key airports around the world. people may be will choose to go via another hub. that is or is possible and does compete with z�*bigeuropean . . . z�*big european hopes. . . . �* big european hopes. paris other big european hopes. paris and amsterdam in particular. ? also way emidedle but also in a way with middle east hubs and so on for some haul traffic. the roblem long haul traffic. the problem is that heathrow�*s problem really that it is isn't really that it is unpopular. it is at capacity. wa nt want to use heathrow. airlines'wantta'use heathraw. don't particularly like char-es charges heathrow makes pay. pa}, but??? if 757: pay, but want to them pay, but they want ta there is no demand. we use... there is no demand. we have to leave _ use... there is no demand. we have to leave it _ use... there is no demand. we have to leave it there, but thank for your on thank you for your thoughts on those numbers which just those numbers which havejust out from heathrow. murdo from flight global. it's a big day for bp — the oil giant will announce a major reset of its strategy this morning. there will be a big cut in renewables investment,

and ramping up of the highly profitable oil and gas endeavours. following the same path. but bp had been the most ambitious about its renewables so this is a big shift back to the more profitable fossil percent — which sounds pretty good. but check out its rival shell — it has returned and the us oil giant exxonmobil has paid out profits totalling 149% of its share price value in that time. that it all in paul hicking is editor of the petroleum economist now it looks like

back to petroleum. ago — 40% cut in oil and gas was first put out by 2030, a few years ago. like that target will be abandoned completely and oil and gas will be back front and centre of its strategy. we have also seen that renewables will be scaled back. it is clearly a fact that they have been putting and profits. to many of its competitors, and that is reflected in its share price. it has been through such a tumultuous time with changes of leadership — unexpected changes of changed. you have president trump

with his "drill, baby, group — elliott management, the influential wall street in bp, and there is a lot of speculation about what their plans are. yes, exactly. in many ways, it has been coming. when the new bp ceo, auchincloss, took over they hived off their wind business, they'd already been addressing some of the costs within the company and they'd the timeline, really go much harder at oil and gas again, really looking at how to create profitability. speculation it could cut off some of its business around solar and biofuels, as well, and really look and there has already been that going on. i was in india energy week

a couple of weeks ago about accelerating that timeline and being a little bit which exxonmobil, shell and others have been very much clear about oil and gas still being very front and centre. and, yes, the us doesn't have the same political mood as, say, in europe but, at the same time, like you said, that shift even in europe. a lot going on as far as bp is concerned today. we will and it does that you as and when it does that reset announcement.

you are with business today. now let's talk about tesla — the market value of electric the first time since november, after numbers showed its sales in the european union and the uk have dropped. michelle fleury was watching all the action in new york. one number to keep in mind is tesla's share price to the presidency — november 5th last year. tesla shares finished that day at $251.44. after that, the price shot up to more than $479 in other words, the massive post—election gain in tesla's share price and some of elon musk�*s paper fortune is close to being wiped out altogether.

and the uk dried up, falling 45% injanuary even as rivals' sales rose. one reason is increased competition from chinese in slashing us government spending. with the reality that elon musk�*s electric car first quarter. south korea's birth,,, ,, for the first time in a decade — according to the latest data just out. the figure in the uk or us.

if we look at the fertility rate in south korea it is currently 0.75 — it is currently 0.75 — that's the average number that's the average number of babies each women of babies each women should expect to have should expect to have in their lifetime. in their lifetime. it's about a third of the rate it's about a third of the rate a country needs to maintain a country needs to maintain its population. its population. needless to say south korea is facing a national crisis. certainly a demographic one. certainly a demographic one. it has one of the world's fastest growing elderly populations and with a population of over 51 million people, those aged 65 people, those aged 65 and above make up about 20% and above make up about 20% of the total. 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 forced to shut this year because there are not because there are not enough students to teach. youngtae cho is youngtae cho is professor in demography professor in demography at seoul national univserity and director of its population

this problem through the welfare lens. right. cost of children is a main issue. however, there is a major or more fundamental issue which is competition. the competition, competing with each other in korean society. 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... i mean that almost half of the korean population metropolitan seoul means all the resources to compete with each other for all of the resources. right. fascinating to hear about what is happening in south korea. let's get some of the day's other news now. media reports say some power has been restored in parts of chile's capital santiago, after a near

without electricity. in affected areas, where soldiers have been deployed.the meaning it no longer add to the total amount uk greenhouse gas emissions have more than halved since 1990, that is a look at the business stories here and bbc news. drive you around the twist? so many people are about? aboutrthem. aboutjthem. they complaining about them. they are a common for are a cemmen cempleint fer in the are a cemmen cemeleint fer in the uk, and . really around the cyclists, but really around the world. appearing in our road surfaces for good. paul carter went

to find out more. roads. around the world, and many of them are made and gravel, and a waterproof substance called bitumen. but once cracks form in asphalt, they can like the dreaded pothole. but a research project between swansea university and king's college london is looking at ways ..by healing itself. and have a look at how it works. but first, we need to cook up some asphalt. is itjust a case now that you mix these two together? they laugh.

aggregate. it's not like anything i've ever cooked. well, actually, that's a lie. bitumins. the bitumen is a liquid now. oh, look at that. and the key piece — the spoon. literally making asphalt. definitely. you come and do my driveway. yeah! yeah. to advance the bitumen asphalt mixture, we need to incorporate capsules. the capsules contain tiny, porous materials known as spores. to fracture, rejuvenating it. the result is quite astonishing.

so in true bbc fashion, here's some you made earlier. put it here. i'm using this one. 0h! when the crack breaks the capsule, the capsule releases the rejuvenator inside and produces in order to close the crack autonomously. wow. so that's it? that's it coming together? it's working now. that we can see on the roads anytime soon? a specific liquid in order to increase the property of the bitumen. we are ready to prepare capsules and use on the roads.

pothole might be a thing of the past. the final report found the fire was the result and a lack of strategy by the fire service. graham satchell reports. the question at the bottom of grenfell tower was partially answered in a 1,700—page report by last year's public inquiry. from the construction industry and governments over

the inquiry criticised the regulation of tall it made a number of recommendations. to oversee new products, fire testing, building control and the licensing of contractors. the government has already agreed to implement personal evacuation plans to help vulnerable residents inquiry later today. now it's time for a look at the weather with ben rich. hello.

but we do have wednesday to get through first, with some outbreaks of rain swinging eastwards, followed by a mix of sunny spells and showers. the outbreaks of rain come courtesy of this frontal system working its way eastwards as we go through the day, with some pretty heavy bursts of rain, some snow mixing in the southern uplands. but that band of rain should pivot its way northern scotland doing perhaps best of all for dry weather and sunshine — temperatures generally 7—10 celsius. now, during wednesday night, we see this band of cloud working its way southwards with some outbreaks of rain. as we head into

thursday morning. and through thursday, well, we see this ridge some early splashes of rain, i think, across parts it will stay fairly breezy here, but for most, thursday of around 8—10 celsius. establishes itself more strongly, the winds will fall light, we will see quite a widespread frost and some fog, as well — and some of that fog could linger through friday morning, it should clear. and then, a lovely—looking day, spells of sunshine, of around 9—10 celsius. so that's how we end february — what about the start of march? with us into the weekend.

weather front just weakens. this is the forecast for the four capital cities of the uk — you can check your local forecast on the bbc weather app.

live from london. this is bbc news. ukraine says an agreement has been reached with the us key demand of president trump. negotiators in cairo say an agreement has been

in a critical condition with double pneumonia. coming up in business news later. up renewables investment. hello, i'm karin giannone. mineral resources. details still aren't clear about exactly what each side will get, but ukrainian officials say they see it as a good outcome.

joe inwood reports.