ukraine's president will be the latest leader to visit the white house, looking to exchange his country's crictical minerals for some security guarantees with its on—going war with russia. payday problems — thousands of banking customers in the uk report say their banking apps are not working. we get our teeth stuck into the glorious oggy! it's cornish pasty week and we'll examine why cornwall s culinary gift to the world is such a big hit! welcome to business today. i'm lukwesa burak.

all eyes are going to be

develop its rare the partner to develop its rare earths. earlier i spoke an who said a lot of these $513 still? ifiéi ii iii. if eh??? earth minerals iiiii iiii tiit i lit it tiiii earth minerals are currently russian territory. russia is right now, holding on to about 40% of ukraine's mineral resources. reinforce, to reiterate that russia should not be rewarded for the atrocities, for the illegal to critical minerals, some rare earths. again, there's a huge questions around how

the, you know, these mines, these projects are very capital intensive. some of them can cost a couple of billion and notjust capital, but also energy intensive. later this an extra 10% be put on tariffs coming later this an extra 10% be put from 'iffs coming later this an extra 10% be put from china. ning

trading partners. starting march the 4th, china will face this new tariff, go into effect. speaking alongside british prime minister keir starmer, trump said tariffs are necessary to level the playing field. going to bring our chips back, we're going to bring so many us there is tariffs. the balance on trade. and companies may pass the cost on to consumers. in annual operating profit,

comfortably beating market the group, which also owns spanish airlines at davy capital markets. it is lovely to have you us. when compare iag to us. when you compare iag to other european airlines, it has m- this? doing this? yes, it's done very well. doing this? yes, it's done very well- the _ doing this? yes, it's done very well. the margins _ doing this? yes, it's done very well. the margins that - doing this? yes, it's done very well. the margins that they i doing this? yes, it's done very| well. the margins that they are are some of the best achieving are some of the best the world achieving are some of the heat the world for an airline. e haw are'they'd'aing'it? ithink very bae in particular, on the

transatlantic. that market is much in demand and it is fairly 25” city_ 7 e c—fiaity, m” tight capacity, so when you look at their numbers, their revenues were very strong in the transatlantic, that is where the beat estimates. when we talk about _ where the beat estimates. when we talk about these _ where the beat estimates. when we talk about these very - we talk about these very transatlantic routes, at leisure or is it is at leisure or is it business, do know? is at leisure or is it business, do i know? 7 7 7 7 7 broken 7 ”broken it ' broken it down, h 7 ”broken it down, but haven't broken it down, but it a bit of both, basically. is a bit of bath, basically. of their business on all parts of their business on the is performing, but —— 7 7 just gopng. ea -:. --. just goingto e w eziiistigroing to say 7 just going to say it; just going to say itis i was just going to say it is not perhaps north america, it is also that has is also latin that has been strong for them. there they strong fer them there they , iberia. what strehq fer them there they , iberia. what is happening have iberia. what is happening with the iag group, it is very facing focused, and western facing focused, and those direct into the those direct markets into the and south atlantic are those direct markets into the helping th atlantic are those direct markets into the helping it atlantic are those direct markets into the helping it to :lantic are those direct markets into the airline; it to outperform those direct markets into the �*airline groups. |tperform those direct markets into the �*airline groups. |tperf| we otherairtine groups

about performance and talk about periormance and is there any news in looking is there any news in of its looking is there any news in i f its looking is there any news in ~ ., its looking is there any news in fleet? ! kneyferhehé- - a z fleet? ! kneyferhehé ..- a 7 fleet? ! knefliflhehémeaye - a 7 biufi programme after and 77 and lot 77 ” mandwlotof 7 ” ” wandwlotoftiiat ” w wrand'wlotrtitiiatis 7 7 777537771550} {fiat a; fleet777 2027 and a lot of that is fleet the delays and some expansion. the delays and some of the aircraft because of the issues with the 787, that is it has been going a little slower than in, but the bit slower than in, but the plan is to capacity by plan is to grow capacity by 3% in 2025 3% 4% over the in 2025 and 3% to 4% over the medium you expect a investments in the iag lot of investmehte in, the lac: especially group, especially british airways over next couple of airways eye" the heat couple of . , - - in airways, eyer the heat ceupte ef . , ~ ~ in the fleet but also years. in the fleet but also customer experience. they the customer experience. they hope to get to payback on that in return and margins over the couple 77 couple of 77

couple of years. coule of ears. next couple of years. it has been great _ next couple of years. it has been great - to - next couple of years. it has| been great - to you. been great speakingto you, you very much. shares in thank you very much. shares in iag are going up, 5%. shukla is in mumbai. so archana, how did india achieve this? the are in expected and a for that is range and a reason for that is a sharpjump in government 77 w7 77777 7s7p7ending 7 7 w 7 gfienaiig’ blaming {7 andé 77 {7 andé bumper 77 infrastructure and a bumper more spending over the harvest. more spending over the period helped festive period helped gdp growth over that the

growth over that period, the in urban india is the pinch of sta-nnatin feeling the pinch of stagnating incomes and higher prices. and manufacturing and private investment continues stay investment continues to stay subdued so that its impact on flab??? efi that. its. lmeettfifl and it =5hi§5ei§ efi thet. its. imeettfifl and it to growth and pulling it down. to deal with this growth slowdown in this period there were tax and interest rates have cuts and interest rates have been eased, that could ”irigiroiwthzz z , ”7 7 igiroiwthzin: : z ”7 7 igiroiwthzin the z z 7 7 7 7 igiroiwthzin the coming boost growth in the coming months, economists say it months, but economists say it will not dramatic. there are over trade concerns over trade uncertainties, tariff hikes as well as fear of imported from price hikes in inflation from price hikes in oil that hurt growth in dil�*thet'fimld hurt growth in months. they oit�*thottofltd hurt growth in months. they have been coming months. they have been saying that india needs 8% plus growth to actually bring in growth to ettoellg bring in. " ” " growth to ettoellg bring in. " ” " growth and create meaningful growth and create for indians.

affecting their ability to use them. platform outage monitor downdetector saw reports rise to more than 4,000 on friday morning. users also reported that the halifax, tsb, graham fraser. grai explain .er. graiexplain to. graiexplain to us grai explain to us what has happened and what the happened and what has the reaction been from the banks? as you iii... has reaction been from the banks? as you ii, has been reaction been from the banks? a5 w“ i, has been a as you say, there has been a major outage this morning, as you say, there has been a major o affecting. morning, as you say, there has been a major o affecting the irning, as you say, there has been a major o affecting the lloyds notably affecting the lloyds bank, around 4,000 on website that

the website that monitors outages on halifax, outages on websites. halifax, bank of scotland all outages on websites. halifax, e issues scotland all outages on websites. halifax, e issues this .and all outages on websites. halifax, e issues this morning. havingrissues this morning. reporting those customers reporting those issues. halifax and bank of issues. halifax and the bank of scotland are of lloyds scotland are part of the lloyds group. in terms �*what banking group. in terms of what you have said, lloyd said earlier that knew that earlier that they knew that some customers were having with internet issues with internet banking. were sorry about issues with internet banking, were sorry about it and they we're'sorry'e�*b'oot it and working to have it back to wereggorking to have it back to lloyds has been gergzgorking to have it back to lloyds has been saying everything j 77 everything should j 77 everything should be j 77 that everything should be now. in the uk, today working now. in the uk, today is payday for many people and is the second consecutive this is the—secene consecutive where there this is the—secono consecutive where there has been " 5;an " banking outage on payday. major banking outage on payday. last month affected barclays that ou-e 7 that outage lasted several aggfthat outagelasted several many days. many businesses and many customers are concerned. in terms of the outage today, we have heard from people who said

terms of the outage today, we have could from people who said terms of the outage today, we have could not 11 people who said terms of the outage today, we have could not pay eople who said terms of the outage today, we have could not pay their who said other --eole couldn't -a and other people couldn't pay their staff, so a major et?- hmainy people. if? can ”.: : f if? can followr : f if; can follow story : if; can follow story on the bbc news website. because it's cornish pasty week. a uk speciality, the pride in the cornish pasty runs deep in cornwall and the annual seven—day event the festival features an array of events, culminating this weekend with a competition to find the world's fastest amateur cornish pasty crimper. you can find out more on the website. untilthen, you can find out more on the website. until then, that is your business news.