the ceo of uber their talking to simonjack. had some disappointing numbers from the us soft drinks and snacks giant pepsi. the company said it was suffering from "subdued" performance in north america and it would invest in making some of its products cheaper in the year ahead. it sales also fell in most of the rest of the world as consumers pushed back against price rises. jan van eck is the chief executive of the global investment firm van eck and joins us from new york. what does pepsi tell us about us consumers? pepsi is a high quality company, it has competitive advantages, and i don't think we can read too much into the earnings this quarter, because sales were actually up in the us and europe, that is the kind of performance you expect from pepsi, low growth but expanding profit margins, but it is the rest of the world, the falloff has been more interesting to me, and maybe we could talk about china and the rest of the world. as far as the us market is concerned, pepsi's stock is fairly priced and i think it might be up

simonjack, bbc news, the guildhall.tegist and founder of fordham global foresight. she works with a lot of insurance companies and banks and investors here in the uk. how receptive were they to the pro—minister's message today? very receptive. people want to hear good news about the uk. we have hadn't not much good news about business and investment in the last 1a years or so. and since brexit, to be honest. four prime ministers, six chancellors, a split from the uk's largest market. the famous letters and _ uk's largest market. the famous letters and the _ uk's largest market. the famous letters and the budget _ uk's largest market. the famous letters and the budget fiasco - letters and the budget fiasco of years past. so there is a real opportunity here minister and the chancellor to say that britain is open for business, but they have to follow up. yeah. he was boasting today that there is stability. you can well boast that there is stability because he has a whopping majority, and he is at the beginning of a tyrant,

simonjack, bbc news, the guildhall.irl, found dead in her home in surrey last year, had suffered dozens of injuries. sara sharif�*s father, urfan sharif, her stepmother, beinash batool, and uncle, faisal malik, all deny murder. the jury was told the three fled to pakistan before the body was discovered and her father then called police to admit that he'd killed his daughter. urfan sharif now claims he did that to protect the child's stepmother. the american hip—hop star sean combs, known as "diddy", is facing a series of new sexual assault allegations in the us. six new lawsuits were filed in court today by men and women accusing him of sexual assaults and rape. sean combs is currently in prison awaiting trial for criminal charges involving sex trafficking. let's talk to our los angeles correspondent emma vardy. what are the latest allegations? a lot of the latest allegations centre around the high—profile parties that sean combs held. in one of these lawsuits, a man who said he was 16 at the time alleges sean colmes gr

simonjack our business editor, thank you.hough for another year. rail links between york, leeds, huddersfield and manchester will be upgraded. railfares will go up by 4.6% next march. and, after describing potholes as �*a visible symbol of national decline', the chancellor said £500 million has been put aside for road maintenance. vat on private school fees will be introduced from january next year and the government will also work to remove their business rates relief. a "flat rate duty" on vaping liquid will begin from october 2026, with taxes on tobacco also going up. and there were cheers in the commons as the chancellor announced draught duty on alcoholic drinks would fall by1.7%, meaning "a penny off a pint in the pub". so how will this budget affect you? 0ur cost of living correspondent coletta smith has been talking to people here about what it will mean for their finances. this will mean for their finances. is a town that gets act early. this is a town that gets active early. and for the reynolds family, breakfast is

our business editor simonjack was there.l this morning as the roads around the guildhall, a place of commerce for nearly 600 years, were closed for some very important people. inside that ancient room there, there are a couple of hundred of the world�*s most powerful business people with hundreds of billions to invest. and the idea of the summit is to get them to spend as much here in the uk as possible. now, the precincts may be ancient but the message is modern: we are laser focused on growth. that seemed like news to the former boss of google. i was shocked when labour became strongly in favour of growth. wealth creation is the number—one mission of a labour government. his promise to these high rollers was a new area of stability after four prime ministers and six chancellors in eight years. we have a golden opportunity to use our mandate, to end the culture of chop and change, the policy churn, the sticking plaster politics that makes it so hard for investors in. that seemed to go down well. stability for investors, - a

our business editor, simonjack, has been guaging reaction.ant was decidedly less buoyant, who said today's budget was going to hit his business hard. ht going to hit his business hard. lit is catastrophic and it's catastrophic for small businesses. we will have to absorb this cost through a number of measures. we may have to reduce costs, redundancies, reduced hours. we will have to increase prices and have to look for further efficiencies. ht increase prices and have to look for further efficiencies. h is increase prices and have to look for further efficiencies.— further efficiencies. it is not relaxin: further efficiencies. it is not relaxing news _ further efficiencies. it is not relaxing news for _ further efficiencies. it is not relaxing news for the - further efficiencies. it is not relaxing news for the owner further efficiencies. it is not i relaxing news for the owner of further efficiencies. it is not - relaxing news for the owner of this chain of spas who employs 160 people and says this budget will cost her £300,000 a year. her a

uber�*s chief executive spoke to our business editor simonjack.nese vehicles are a good thing for the environment. and i will tell you, that china is transitioning from notjust being cheap, but also being high quality as well. and for us, we want to electrify our fleet, and we want to make sure that it is affordable for our drivers to switch over to evs. now, the political considerations of tariffs, etc, are not something that we can comment on, etc, but our focus is on the environment and we think chinese vehicles that are low cost, that are high quality, could be a very important part of the switchover to evs. do you have a view on tariffs? good thing or bad thing? i don't have a view on tariffs. but they make these cheap cars and these high quality cars more expensive in some of your key markets. by what you've said so far, it would follow you think that's a bad thing. i think if i'm taking a pure climate view it would be a negative, just being honest. are we just at a moment of revolution and disruption and that in all of these cases, where yo

here's our business editor, simonjack. a pay rise for millions is on the way, and it went down

simonjack and said the company wanted to electrify its fleet of cars and that tariffs aren't helping.nese vehicles are a good thing for the environment. i will tell you that the china's transitioning from notjust being cheap, but also being high quality as well. and for us, we want to electrify our fleet and we want to make sure it is affordable for our drivers to switch over to evs. the political considerations of tariffs, etc are not something we can comment on, etc, but ourfocus is on the environment and we think chinese vehicles that are low—cost, high—quality could be very important part of the switch over to evs. d0 very important part of the switch over to evs. do you have a video on _ switch over to evs. do you have a video on tariffs? _ switch over to evs. do you have a video on tariffs? good - switch over to evs. do you have a video on tariffs? good or - switch over to evs. do you have a video on tariffs? good or bad | a video on tariffs? good or bad thing? they make these cars more expensive in these markets. it more expensive in these markete— more expensive in these marke

here's our business editor simonjack.se, a lot, if we are going to fix the crumbling water infrastructure that has seen sewage spills, leaks and outages soar. it has provoked public fury at the companies, many many like becky from ilkley have seen as prioritising profit over people. i am not prepared to pay more in my bills until i am ensured that we are going to get our rivers, lakes and seas cleared up. i will not pay more for the debt, the dividends for people to line their pockets. absolutely not. the government agrees the industry and regulation isn't working which is why it is launching the biggest review of the industry in 35 years since privatisation, which could see the reform or abolition of current regulators. the water sector is not working in the interests of customers or the environment today. we need a reset and that involves a commission that will report back to me byjune of next year and it will then inform further legislation so we can fix this sector once and for all and clean up the rivers and lakes th

last week, he spoke to our business editor simonjack and had this answer to a question about moving intozon's territory. think of how we started, we started _ think of how we started, we started with transportation, we moved — started with transportation, we moved to— started with transportation, we moved to moving through the round, — moved to moving through the round, nowhere expanding beyond food, _ round, nowhere expanding beyond food, groceries, pet food, anything _ food, groceries, pet food, anything that you would want. those — anything that you would want. those products are available through _ those products are available through the uber marketplace but increasingly we allow merchants to offer on their own sites _ merchants to offer on their own sites the — merchants to offer on their own sites the ability to offer on demand _ sites the ability to offer on demand delivery for whatever they — demand delivery for whatever they are — demand delivery for whatever they are selling. so, pet food from — they are selling. so, pet food from your— they are selling. so, pet food from your

with more, here's our business editor, simonjack.s minimum wage. especially what it is at the moment, it's not enough. i don't feel like... yeah, i think it should be raised, for sure. there's young adults out| there who are starting to build up for their own future, to go move into their own- houses and have a life - by themselves, so raising it up would make it easier for everyone. - the government announced today the minimum wage for workers 21 years old and over will rise from £11.44 an hour to £12.21, a 6.7% rise, while workers aged 18—20 will see minimum pay rise from £8.60 to £10 an hour, a rise of over 16%. but for employers in sectors like hospitality, which employ a lot of young workers, it's another item on the rising expenses bill. it will cost me between 3,000—3,500 pounds a week, so crudely, 150—180 grand a year. i think it will result in more closures, and i believe it will result in fewer openings, and that is going to be bad for the economy, bad for the treasury and i would argue bad for society. businesses of all ki

last week, he spoke to our business editor simonjack and had this answer to a question about moving intorted with transportation, we moved — started with transportation, we moved to— started with transportation, we moved to moving through the round, — moved to moving through the round, nowhere expanding

but first, here's our business editor, simonjack. for millions is on the way, and it went down well in cardiff today. it makes finding a job that can pay the bills a lot easier, because many people my age have been struggling for years with this minimum wage. especially what it is at the moment, it's not enough. i don't feel like... yeah, i think it should be raised, for sure. there's young adults out - there who are starting to build up for their own future, _ to go move into their own houses and have a life by themselves, so raising it up would make iti easier for everyone. the government announced today the minimum wage for workers 21 years old and over will rise from £11.44 an hour to £12.21, a 6.7% rise, while workers aged 18—20 will see minimum pay rise from £8.60 to £10 an hour, a rise of over 16%. but for employers in sectors like hospitality, which employ a lot of young workers, it's another item on the rising expenses bill. it will cost me between £3,000 to £3,500 a week, so crudely, 150 to 180 grand a year. i think it will

our business editor simonjack reports.ing water infrastructure that has seen sewage spills, leaks and outages soar. it's provoked public fury at the company's many — like becky mulvey from ilkley — have seen as prioritising profit over people. i'm not prepared to pay more in my bills until i am ensured that we are going to get our rivers, lakes and seas cleaned up. i am not paying more for debt and for dividends and for people to line their pockets. absolutely not. the government agrees the industry and regulation isn't working, which is why it's launching the biggest review of the industry in the 35 years since privatisation, which could see the reform or abolition of current regulators. the water industry itself welcomed the move. i don't think anyone can look at the current system and think that it's working well. we have not had enough investment in the past and our system is creaking under the weight of climate change and population growth. and, ultimately, ithink all of us bear some responsibility for that, including

but first, here's our business editor, simonjack.y, and it went down well in cardiff today. it makes finding a job that can pay the bills a lot easier, because many people my age have been struggling for years with this minimum wage. especially what it is at the moment, it's not enough. i don't feel like... yeah, i think it should be raised, for sure. there's young adults out - there who are starting to build up for their own future, _ to go move into their own houses and have a life by themselves, so raising it up would make iti easier for everyone. the government announced today the minimum wage for workers 21 years old and over will rise from £11.44 an hour to £12.21, a 6.7% rise, while workers aged 18—20 will see minimum pay rise from £8.60 to £10 an hour, a rise of over 16%. but for employers in sectors like hospitality, which employ a lot of young workers, it's another item on the rising expenses bill. it will cost me between 3,000—3,500 pounds a week, so crudely, 150—180 grand a year. i think it will result in more closures, a

here's our business editor simonjack a pay rise for millions is on the way, and it went down well in this minimum wage. especially what it is at the moment, it's not enough. i don't feel like... yeah, i think it should be raised, for sure. there's young adults out - there who are starting to build up for their own future, . to go move into their own houses and have a life - by themselves, so raising it up would make it easier for everyone. - the government announced today the minimum wage for workers 21 years old and over will rise from £11.44 an hour to £12.21, a 6.7% rise, while workers aged 18—20 will see minimum pay rise from £8.60 to £10 an hour, a rise of over 16%. but for employers in sectors like hospitality, which employ a lot of young workers, it's another item on the rising expenses bill. it will cost me between 3,000—3,500 pounds a week, so crudely, 150—180 grand a year. i think it will result in more closures, and i believe it will result in fewer openings, and that is going to be bad for the economy, bad for the treasury and i would argue bad for society. businesses of

our business editor simonjack is at the summit and has been speaking to the boss of norway's government—ownedgiant equinor and asked him what he looked for when deciding which countries to invest in. it's also stability around tax systems. we have seen a lot of changes with the recent government. we will see another change now. so the 1st of october and the budget will be very important for us to see how also the stability of the uk will be in investment. proposalfor oil and gas. there was a lot of talk about planning and regulation. how important are those things to get right? they are extremely important to get right because longer planning for renewables, for instance, cost more, meaning that renewables and the power prices will be higher in the future. so reducing regulation, shortening the planning time, that will give a lower prices for energy in the future. so what's the mood in the room? one of optimism? give us your sense of the general vibe. it's a lot of optimism, and i think the government are putting forward a very good strategy for how to improve working together with the privat

well, the boss of uber, dara khosrowshahi, has been talking to our business editor simonjack, about theirlans to make the firm greener and get more of their drivers using electric cars. but he's worried that trade tensions with china are getting in the way. the us and europe are hitting chinese electric cars with hefty import taxes or tariffs to protect their own auto makers, making them more expensive. i think cheap chinese vehicles are a good thing for the environment. and i would tell you that china is transitioning from notjust being cheap but also being high—quality and for us, we want to electrify our fleet and make sure it is affordable for our drivers to switch over to evs. the political considerations of tariffs etc are not something we can comment on, but our focus is on the environment and we think chinese vehicles that are low—cost and high—quality could be a very important part of the switch over to evs. d0 of the switch over to evs. do ou of the switch over to evs. do you have _ of the switch over to evs. do you have a — of the switch over to evs. do you have a view on tarif

our business editor, simonjack, reports. how do you get from this to this?hat we need to accelerate the widespread adoption of electric vehicles. historically, evs have been a product for people who can afford to invest in the environment because they care about the environment. now we have to industrialise evs. and that's why he thinks cheaper electric vehicles from chinese makers like byd, with whom uber have a tie up, should be welcomed. but the us and eu plan to hit these imports with heavy tariffs to protect their own car makers from heavily subsidised chinese manufacturers. i think cheap chinese vehicles are a good thing for the environment. the fact... and i will tell you that china is transitioning from not just being cheap, but also being high quality as well. do you have a view on tariffs? good thing, bad thing? if i'm taking a pure climate view it would be a negative, just being honest. industry figures show sales of electric vehicles have stalled after government grants were abolished injune 2022, and a 2030 ban on sales of new petrol and diesel

simonjack, bbc news. monetary fund. it's raised its growth forecast to 1.1% this year, up its previous forecast of 0.7%. that brings the imf more in line with the forecast from the office for budget responsibility. it predicts 1.5% growth for the uk. either way the figures put the uk in the middle of the pack of global nations. and the imf also welcomed the progress on taming a rise in prices, saying the battle against inflation is almost one.— the battle against inflation is almost one. . ., almost one. the decline without almost one. the decline without a ulobal almost one. the decline without a global recession _ almost one. the decline without a global recession is _ almost one. the decline without a global recession is an - a global recession is an achievement. much can be attributed to the unwinding of the new combination of supply and demand shocks that caused the inflation in the first place. together with improvements in labour supply due to immigration in many advanced countries. but monetary po

our business editor simonjack reports. to rise a lot if we are going to fix a crumbling water infrastructure that has seen sewage spills, leaks and outages soar. it's provoked public fury at the company's that many — like becky mulvey from ilkley —have seen as prioritising profit over people. i'm not prepared to pay more in my bills until i am ensured that we are going to get our rivers, lakes and seas cleaned up. i am not paying more for debt and for dividends and for people to line their pockets. absolutely not. the government agrees the industry and regulation isn't working, which is why it's launching the biggest review of the industry in the 35 years since privatisation, which could see the reform or abolition of current regulators. the water industry itself welcomed the move. i don't think anyone can look at the current system and think that it's working well. we have not had enough investment in the past and our system is creaking under the weight of climate change and population growth. and, ultimately, i think all