no chip on the shoulder for nvidia as the tech giant with its latest earnings. and will gatwick get the green light to use its second runway on a daily basis? a decision is expected today on whether the uk's second biggest airport can expand its operations. live from london, this is business today. i'm sally bundock. it's a very busy day ahead, so let's— it's a very busy day ahead, so let's- you _ it's a very busy day ahead, so let's you through all you let's talk you through all you need — let's talk you through all you need to— let's talk you through all you need to know. trump is about to hit the european union with new tariffs. to 25% on all eu goods entering the country, claiming

hit as much as $29 billion worth of the bloc�*s exports. our north america business correspondent michelle fleury has the latest from new york. 25% tariffs on eu goods are coming soon. now, this is the first time the president has specified accepting more cars and agriculture products from america. the eu's 10% tariff on passenger cars is much higher than the us's own 2.5%. in a statement, a commission spokesperson said... the european union is the world's largest free market, and it has been a boon for the united states.

and businesses at every turn. come on april the 2nd. analysts noted that the 25% figure, the same level of expectations. trump had already proposed a global reciprocal tariff equivalent to the tariffs that we are being charged, what those reciprocal terrace would look like. america's other major trade partners, and so the 25% that he threw out today is in line with the high end

michelle there in new york. the eu has been poised by any news of tariffs their to limited 5tdte5. if headed to the united states. if this were to 25% this were to happen, 25% tariffs on all goods, it will this were to happen, 25% tarif the | all goods, it will this were to happen, 25% tarif the eu, goods, it will this were to happen, 25% tarif the eu, but is, it will this were to happen, 25% tarif the eu, but also: will this were to happen, 25% tarif the eu, but also hurt the hurt the eu, but also hurt the us, i it hurt the eu, but also hurt the us, i assume? it will hurt both here it us, i assume? it will hurt both - here it is _ us, i assume? it will hurt both - here it is very _ us, i assume? it will hurt both - here it is very behind i sides. here it is very behind in terms of car in terms of the car sector above all, because that is the biggest ticket item that the eu above all, because that is the biggest to (et item that the eu above all, because that is the biggest to (et united at the eu exports to the united states. but the whole throwing around

threats of tariffs is very for business negative, both for business investment and �* business mantmcflt add fer 55515525: " "' above all of piling intentions. above all of united states. in europe, i the united states. in europe, i think the one good thing for the eu this time around relative to trunk —— trump 1.0 is that they warned, they is that they were warned, they knew exactly what they would knew exactly what they wee-id to knew exactly what they wee-la to do terms of have to do in terms of countermeasures, but none of it is very positive. and for the it comes at a is anaemic at best. it also puts hefty on the eu at especially at a at the moment, especially at a time when we are thinking about time when. we are thinking aeeet and the time when. we are thinking eeeet and the continued us ukraine and the continued us support for yes, the

ukraine and the continued us sui faces or yes, the ukraine and the continued us sui faces some yes, the ukraine and the continued us sui faces some choices. at eu faces some tough choices. at least germany has a new leader it is up to him to form a least germany has a new leader �* coalition, > him to form a least germany has a new leader �* coalition, and 1 to form a least germany has a new leader �* coalition, and then arm a least germany has a new leader �* coalition, and then to 1 a forwardwith " forwardwith if]; ' " forward with the rest " fééwa'rémti} if]; a; of forge forward with the rest of eu, this must be a erenichi 7' . frenchdeal " . ffsnz’deéifitfi " ' erenichdeabit needs ' " ifreinicihideialtit needs to german french deal, it needs to be the whole of the eu to decide how they actually want act in this situation. but to act in this situation. but for germany, _ to act in this situation. but for germany, they - to act in this situation. but for germany, they are going to ha rd est, j 77 77 hardest,” would 77 77 hardest, would assume, hit hardest, you would assume, by tariffs because it is ' is. and j is and ironically of perhéé; 5:57 7: 7? z 7 ”epe’rhaps they eperhaps they won't be course, perhaps they won't be as vulnerable in terms of germany because germany so factories in the j factories in the united many factories in the united states, so those won't be there cars won't be affected. there are huge for and are huge parts for bmw and above all volkswagen, so ham -=:: hits germanyf hits germanyis perhaps quite so bad, but there is

not quite so bad, but there is a lot which gets exported not quite so bad, but there is a is t which gets exported not quite so bad, but there is a is made| gets exported not quite so bad, but there is a is made| g germany. ed not quite so bad, but there is a is made| g germany. fir = _e thank you for your; thank you for yourftime, write. thank you for your time, and we will see you again soon, there. staying stateside — as you've been hearing president donald trump. high on the agenda will be trade and security. the question of what will happen with ukraine is central but there is also the looming threat of tariffs and a future rebecca harding is chief executive of the centre for economic security.

good morning to you. there is so much on. if we start so much going on. if we start with ukraine, of course president zelensky is hot on the of sir keir starmer. the heels of sir keir starmer. your thoughts on the first of how 77 how the prime minister and all how the prime minister and trump be president trump will be getting on today. before he on today. famously before he was elected, they had this big �*together,7 7 �* together, and 77 �*together,:and sir % dinner together, and sir keir is at pains to talk about the good they have. i good relationship they have. i think that's right, and starmer needs to keep that really needs to keep that relationship cool and calm. so this is all about uk soft this trip is all about uk soft power, in other words eewerfift ethef “nee making sure that i trump avctually feels efeeiaefit trams: actually feel; the president tmfié ecteetty feels. the uk fféiifiéfii meme: ecteetty fééti the uk is efeeiaefit meme: actually feele the uk is on fféiifiéfii meme: ecteetty fééti the uk is on his side, but like the uk is on his side, but is also prepared from a uk perspective to play tough. the aereaectiee te ate? teefg�*iigl�*iie ” '” landscape in aereaectiee te ate? teefg�*iigl�*iie w 'w landscape in europe security landscape in europe has changed enormously. we are not going back to we not going back to where we were. we did have time to for aii of this. we prepare for all of this. we knew about tariffs, we knew

knew abeut tariffe'."we knew how he was knew abeut tariff-“waé knew how he was going to about how he was going to threaten the security �* europe threaten the security of europe and so what keir directly, and so what keir starmer will be trying to do is calm everything make sure calm everything down, make sure that he reinforces need that he reinfercestheneed fer security guarantees, but us security guarantees, but also make sure that the us is aware that the eu and the uk securin - securin- their securing their defences, are eecering their defencee; ~ ——~ : willing pay are eecerihg their defencee; ~ ——~ : willing pay it, and willing to pay for it, for example by setting up a defence and resilience bank. they are = -: 7 77 77a7b7ou7t7a7ll7 7 7 7 7 7 7 77 77550537117 that 7 7 talking about all these things discussed in house of discussed in the house of commons all of commons yesterday, so all of are very —:: 7to the 7 7 7to the prime 7 7 importan o ;.~:l.',u;: messa ' e messa . e for messaue for uuite - message for quite some this message for quite some time, talking about us time, talking about the us backstop that is definitely required etc. but will he get backstop that is definitely requir sort c. but will he get backstop that is definitely requir sort of but will he get backstop that is definitely requir sort of leeway he get backstop that is definitely requir sort of leeway on get backstop that is definitely requir sort of leeway on that, to any sort of leeway on that, or assurances on that? i to any sort of leeway on that, or assurances on that? i think president _ or assurances on that? i think president trump _ or assurances on that? i think president trump is _ or assurances on that? i think president trump is very - president trump is very unlikely to give reassurances. this is all about playing cards on the table at the moment, setting out the frameworks, as i say this defence was only in

security bank is very important eecerity iiéfiii. ii if??? ifiéfifiéfii that eecerity iiéfifi. ii if??? ifiéfifiéfii that type of framework, it for that type of framework, it is giving it a financial ls giyindit a financial and the key thing is structure, and the key thing is to talk president trump's language. so the language is that �*economics, finance, that of economics, finance, doing deals and bargains, so as as keir starmer 7as keir starmef keeps that long as keir starmer keeps that type of language in his sights, i think it is to be very i think his geingtc: be very to calm things down a straight to calm things down a little bit, and put a european and uk and of course eight united states perspective as well. so make sure that this is actually the uk bringing the us 7 the european 7 777 7 the european union 7 777 7 the european union closer together. 0k, rebecca, thank ou together. 0k, rebecca, thank you - much- _ together. 0k, rebecca, thank you - much. rebecca - together. 0k, rebecca, thank. you - much. rebecca harding the 7 7 the centre 77 7 the centre of 77 the centre of economic tojust over $39 billion

for the three months ending on the 26th of january. that figure is 12% higher than the previous quarter. annual revenues were also up, rising tojust over $130 billion for 2024, which is a massive 114% increase compared to a year earlier. firm deepseek may have on nvidia's future revenues. but the firm doesn't expect a slowdown, it's forecasting growth of around $113 billion for the current quarter. katie silver has been following the earnings. .it . it was interesting to see that the boss of nvidia that the bees ef nvidia wae55 55 55 55 about deepseek and what 77 of impact he thinks of its impact on their company. he thinks of its impact on their coman . , , ., their company. yes, because of their company. yes, because of - their shares _ their company. yes, because of - their shares went - their company. yes, because of - their shares went on - course their shares went on a roller—coaster when deepseek

announced late january, remember these results but remembertheee—resulte that time. as don't encapsulate that time. as for �* the don't encapsulate that time. as for �*the market don't encapsulate that time. as for �* the market took them, for how the market took them, it was a bit of a mixed bag. an after hours, trading went up and then they finished and then down, they finished about lower, and didn't about 1% lower, and didn't include deepseek which is the ihcteae .deeeseek which ie the bot released chinese ai chat bot released late to much fanfare late january to much fanfare after its founder said it was produced at a fraction of the cost of competitors. for a =-—=m nvidia which has been the darling of advanced ai chips, shares tumbled and then recovered somewhat, particularly after for said the wouldn't be example, said they wouldn't be changing their ai investment strategies. so the chief executive said there is another risk, that is export controls. the biden administration put trade in place, trade controls in place, blocking the phone from

exporting certain chips to one of the other bright chiha. the ef the ethereriqht— 55 55 5 5 55 �*today�*s chiha. the ef the ether5eriqht55 55 55 5 5 55 �*today�*s announcement sparks'ofteday�*sarmocmcement the sales of blackwell, super chip that mame used new super chip that mameclseci itimes new super chip that mameclseci . times less new super chip that mameclseci times less energy, but that 25 times less energy, but that has hit profit margins. 0verall, has hit profit margins. overall, the challenge is how do you maintain this momentum. has been stratospheric, but it has been stratospheric, but can it continue?— can it continue? that is a big question- — can it continue? that is a big question. katie, _ can it continue? that is a big question. katie, thank - can it continue? that is a big question. katie, thank you . can it continue? that is a big i question. katie, thank you very let's get more reaction on this, we're nowjoined by andrew chang, who's the technology director welcome to bbc news. so, interesting to get these numbers. 78% increase in sales. beating already high in. iaeatihg already high 5555 55 5 that is hard to ma mm c-oin , isn't it? igoing, isn't it? well, it keep going, isn't it? well, it be hard keep going, isn't it? well, it - be hard to _ keep going, isn't it? well, it - be hard to keep- should be hard to keep going, but given their pretty strong outlook for the first quarter, it looks like they are wanting

kp keep that 77 keep that gro77wth. 77 keep that gro77wth. they 77 keep that gro77wth. they afe to keep that growth. they are at about 65% looking at about 65% year—on—year revenue growth for yeer—on-year revenue'growth'fcxr first quarter, given the first quarter, given their scale is stunning amount scale. it does indicate very of scale. it does indicate very growth, but as the earlier correspondence mentioned, the gross may mentioned, the gross margin may be under but all in be under pressure. but all in all, we to this very all, we need to take this very strong 26, and we are strong fiscal 26, and we are looking at revenues growth nearer the 45—50% range. the nearer the 45-50% range. the chief executive, _ nearer the 45—50% range. the chief executive, jeensen huang, 5. . gnued: .55 .555 . :: :..: .555555 7777grill7e7don77 7777gril7l7e7don7th7e77 7 55:17777 7777gril7l7e7don7th7e77 7 55d7iie77 was grilled on the news, and he basically said the demand for was grilled on the news, and he basically said chips emand for was grilled on the news, and he basically said chips is and for was grilled on the news, and he basically said chips is amazing. 777h7e77 55555 :55555 555 57; 5�*57'5:5:;“ 57'7'575 $755777�* ' ..:. .. .. he seems 5555 5�*55'e:5:;“ 5775 5755777 ' ..:. .. .. he seems to 5555 5�*55'5:5:5“ 57575 55555577 ' w" w w he seems to surprised how strong the demand is at how strong the demand is forward. .

at how strong the demand is forward. , ., ., going forward. yes, i mean what i liked going forward. yes, i mean what i liked most _ going forward. yes, i mean what i liked most about _ �*numbers were the 11 quarter numbers were the 11 billion in the revenues, which the company said it is the 27777 -a m p ramp in its product tagtest ramp in its product it was a bit of a history. it was a bit of a for investors that was behind them, so iven largely behind them, so given the chain issue being the supply chain issue laeing given the the supply chain issue being given the really resolved, given the really strong guidance by major us 7’z�*: .7 by alphabet, meta, cempanies by atphabet; meta. we think that demand microsoft, we think that demand will be very strong in 2025. im = -7: 77 7 7of7ti7'7re77 7 that77 have on china, and tariffs have on china, and these were put in by the these were eat “5 h'e'e h55' the5 55 5 55 5 5 5555 5 administration these were eat “5 h'e'e h55 the5 55 5 55 5 5 5555 5 administration and the’e ee c) “5 t'e'e he the5 55 5 555 5 5555 5 administration and kept biden administration and kept by donald trump well, there by donald trump as well, this is to this is specific to semiconductors and chips. what this is specific to semicc do ictors and chips. what this is specific to semicc do you s and chips. what this is specific to semicc do you think chips. what this is specific to semicc do you think itrips. what this is specific to semicc do you think it has, what this is specific to semicc do you think it has, the t of7 777777o7f7 saying of 7 saying actually boss of nvidia saying actually it is negative for all?-

it its negative for all? say export control is would say export control is a negative for china, certainly a negative for china, in that they unable to in that they are enable te5 5 55 the uv machine for access the uv machine for example, it is a negative for china, and it is way the china, and it is a way of the us to slow down the us trying to slow down the growth by china technology, especially in al. given what deepseek announced a month ago, given that they were supposedly 7— 77 to develop 7 77 to develop their 7 able to; develop their using slower technology'using the slower manufactured by nvidia, it us that at least so far control hasn't worked as the control hasn't worked as the control hasn't worked as the us expected, and it was expected that the trump administration tighten it = -: 77 77 777that7v7vill7777 777 7 77 77 777thatwill7hurt7 777 7 77 77 7 77thatwill7hurt7c77i71i7na 7 7 77 77it7 77thatwill7hurt7c77i71i7na 7 7 77 77it7wi7ll71at7will7hurt7c77i71i7na 7 7 77 "ithaslifeless; 7 7 77 77it7wi7ll7a7ls7o hu7rt71rt7c7i71i7na 7 7 7 nvidia 7 7 7 nvidia as 7 nvidiaaswell 7 like nvidia as well. we are keein: like nvidia as well. we are keeping i eye _ like nvidia as well. we are keeping i eye on - like nvidia as well. we are keeping i eye on the - keeping an eye onthe future them. andrew chan, thank for them. andrew chan, thank you very much. is bbc news.

with business i'm sally bundock. on whether the government will approve plans to time, but gatwick wants to change that. 0ur transport correspondent sean dilley has the details. this is the centre of the controversy. the so—called north runway. today, that would continue

and this north runway up to 55 flights arrive and depart here each hour, and if they are allowed to operate two runways, passenger numbers could grow by more than 35 million each year. we want to help our region to grow, help generate £1 billion a year in additional revenue it could also mean cheaper flights for passengers, this is quiet. 0k. this is constant. i travelled just over ten miles away to find out how it might impact residents. there are no guarantees of what noise will be. you know, we can't keep ignoring climate change.

well, we will take legal action. turbulence, though, is certain, with ministers balancing economic growth. damages both causes. out as are coming in. in 2023, was around about £41 billion. does it make sense to be blowing the carbon budget on this sort of luxury good while other areas of the economy struggle? the transport secretary heidi alexander knows she has a critical decision to make. the impact will be felt across the uk. sean dilley, bbc news, at gatwick airport.

says she was not informed in advance about the uk government's demand to be able to access apple customers' encrypted data from anywhere in the world. in a letter, ms gabbard said she was seeking further information from the fbi and said, if the reports an "egregious violation" of us citizens�* privacy. the crypto trading platform bybit, which fell victim online bounty hunters. from the firm. bybit is now offering cash rewards to anyone who spots and prevents them from cashing out. in the uk, the head of a new independent commission will invite ideas on how to fix england and wales troubled water industry.

of england, will launch his call for evidence in manchester this morning. the next five years. retailer's fire sticks. which includes premier league of millions of dollars" and that "about half" in response, amazon said it was committed to providing customers with a high—quality streaming experience. if you have ever been to austria, you will know that it 7777th7eglobal 7 7777the global ho7tspot 7 7777the global ho7tspot for 7 7

each year more than a50 balls take place in the highlight of the viennese ball season and is considered this glittering, glamorous affair, which attracts politicians, business executives, socialites is even broadcast live on austrian tv. maryam yeganehfar is the ceo & creative director at yamyam eyent production 5 it is to have you on the news so early in the morning on a busy day. talk us through it takes. it a busy day. talk us through it takes. ,, 5. , what it takes. it basically takes a year. _ what it takes. it basically takes a year. the - what it takes. it basically takes a year. the day - what it takes. it basically i takes a year. the day after what it takes. it basically - takes a year. the day after the ball is when we planning ball is when we start planning the next one, it takes us the next one, and it takes us to get this thing we have 7 we have 478 started. and we have about 48 hours to turn the vienna state started. and we have about 48 hours into rn the vienna state started. and we have about 48 hours into the "re vienna state started. and we have about 48 hours into the most nna state started. and we have about 48 hours into the most beautiful opera into 5the5rpost beautiful

of the world. opeca intothemost beautiful - of the world.- opera intothemostb ' - of the world. ballroom of the world. and how many peeple — ballroom of the world. and how many peeple - is - ballroom of the world. and how many people - is it - i assume tickets expensive? i assume tickets sell out pretty quickly. we have about _ sell out pretty quickly. 5 have about 5000 tickets for sale. ticket comes at 395 sale. a ticket comes at 395 euros, and we are sold out sale. a ticket comes at 395 euros, and we of sold out sale. a ticket comes at 395 euros, and we of opening: sale. a ticket comes at 395 euros, and we of opening the within seconds of opening the platform. within seconds of opening the latform. �* ., ., platform. and who is attending this ear platform. and who is attending this year that _ platform. and who is attending this year that we _ platform. and who is attending this year that we may - platform. and who is attending this year that we may have - this year that we may have heard of?— this year that we may have heard of? ~., , ., heard of? many people from austria - business - heard of? many people from austria - business people| austria and business people from all over the world, and swarovski people from all over the world, and swart so {i people from all over the world, and swart so it people from all over the world, and swart so it will people from all over the world, and swart so it will be people from all over the world, and swart so it will be a people from all over the world, and swart so it will be a great reople over, so it will be a great mixture of businesspeople, loyalty, celebrities, austrian is 5 ., loyalty, celebrities, austrian is such 5 ., loyalty, celebrities, austrian - is such a _ loyalty, celebrities, austrian - is such a huge _ loyalty, celebrities, austrian is such a huge historic , this is such a huge historic partnership, but it is a huge of 77 of your 77 of your culture 7 of your culture wel7l, part of your culture as well, it is so important. it part of your culture as well, it is so important.— it is so important. it is the most important _ it is so important. it is the most important cultural i it is so important. it is the - most important cultural event in austria, and there is nothing this. and yes, it

nothing like this. and yes, it is a wonderful evening. everybody should at least once in their lifetime be to in their lifetime be able to this ball. 50 in their lifetime be able to - this ball.— in their lifetime be able to this ball. ., , , attend this ball. so i assume ou attend this ball. so i assume you enjoy — attend this ball. so i assume you enjoy it. _ attend this ball. so i assume you enjoy it. as _ attend this ball. so i assume you enjoy it, as stressful - you enjoy it, as stressful and frustrating as it might be, i frustrating as it might be. i it is something that imagine it is something that you would love to do. this comes with _ you would love to do. this comes with my _ you would love to do. this comes with my job. - you would love to do. this comes with my job. i- you would love to do. this comes with my job. i run i you would love to do. this i comes with my job. i run an comes with myjob. i run an event agency, so producing events like this is what i love and i do every day, but and what i do every day, but this obviously is the most special one, and yes, i love it. for me especially, these two days before the ball in the ones because most important ones because thatis most important ones because that is when i see that all that is. when ! see that all ef ideas and creativity come our ideas and creativity come to life. i do love it. to us through any last—minute talk usthreughany last5minute what we had to disasters. what we had to rescue in the past?- disasters. what we had to rescue in the past? there are so many _ rescue in the past? there are so many things— rescue in the past? there are so many things that - rescue in the past? there are i so many things that - we so many things that happen. we up so many things that happen. we up rooms literally within set up rooms literally within hours that and because there are obviously because there are 5000 people in the opera building, there is a huge security system behind this thing, so every

whole thing, so every little item that bring into this item that we bring into this opera needs to be checked, ' eeereneeeeteee eneeeee to be ' eeereneeeeteee eneeees to be certified, and if some soitie t6650“ some reasom somethimg fzorgsiozme reason something the checks starts during the fire checks starts burning, we react and burning, we have to react and items, renew items. burning, we have to react and - items, renew items. tonight, maryam, and thank tugk tonight,”maryam, and thank for talking to some busy you for talking to some busy day. we wish you all the best. day. we wish ou allthe best. ., «5 we wish you all the best. thank ou for we wish you all the best. thank you for having _ we wish you all the best. thank you for having me. _ we wish you all the best. thank you for having me. and - we wish you all the best. thank you for having me. and thank. 7—: 5—7 7 for your company, for your company, see you too for your company, see you hello. wednesday was a pretty active day, weather—wise. large hail around as well. as high pressure builds, a lot of dry weather on the cards — with a risk of some frost and some mist and fog patches around too. chilly start to thursday across the northern half

orfourfirst thing — and a few drizzly showers — they'll linger longest around the coast of norfolk, i think. 9—11 celsius our top temperature — so still not particularly warm, but it is just pushing through into the final day of winter on friday morning. so, friday morning, then, we've got the light winds, extensive first thing. even in some of our towns and cities below freezing, colder than that in the more rural spots. so, some frost, some fog to get rid of, high pressure right across the uk on friday. the sunshine has got a little bit more strength to it this that'll just start to burn away

the mist and fog gradually so it'll brighten up through the day, one or two the afternoon, i think. there'll be light winds, there'll be some sunshine, friday afternoon. but it should feel pleasant enough with those sunny spells. now, into saturday, a weather front moves in from the northwest. it tends to fizzle out as it does so, reallyjust a band of cloud moving across the northern half temperatures just about reaching double figures across the board. half of the weekend as well. second weather front tries to nudge its way in from the northwest, bringing a cloudier, western isles seeing cloud increasing later in the day. for most of us, a similar day again — dry and settled, morning mist and fog clearing away.

bye— bye.

live from london. israel says the bodies of four hostages have been returned, as freed palestinian prisoners arrive in the west bank. to meet president donald trump today, with an agenda focused camps.

another week, another launch — space x is behind athena, a six—legged lander that will spend about a week flying to the moon. we'll take you to some of the locations where it was filmed. hello. phase of the gaza ceasefire deal after the final exchange of phase one saw the release of hundreds by israeli officials.

joe inwood reports.