Google Speech-to-Text API Automatic Transcription (Chirp). Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:06of
00:00:11These are the latest headlines from BBC News: another
00:00:14strike hits Riyad airport in Saudi Arabia, hours after Yemen's
00:00:18hoothies warned airlines to avoid the country's air space.
00:00:2213 people were killed and hundreds wounded in another hoothy attack on
00:00:26Saturday. President Zelensky has denied knowledge. of an
00:00:30energy cease fire with Russia announced by Donald Trump. But it
00:00:34says Ukraine supports the idea if Russia does
00:00:37too. The leader of
00:00:41India's concord junta party says they will neither back down
00:00:44nor be intimidated.
00:00:46It was early released after being detained at Delhi's
00:00:49airport. Pope Leo says
00:00:51of he's to undergo surgery after his doctors detected what he called a very
00:00:55early stage nodule in his lung. And Manchester City
00:00:59win. 3-0 despite the booze from
00:01:01of Liverpool fans in the first match since being found guilty of financial
00:01:05rule
00:01:09of breaches.
00:01:16me of of Global Business news from the bordroom or grassroots. BBC News cuts through the jargon to add
00:01:19color, depth and context. With live
00:01:22in reaction from Wall Street and Asia, studio interviews with top CEOs and
00:01:26a the latest innovations in technology. Talking Business!
00:01:32Hello and welcome to Talking Business. Here's what's on the program this
00:01:35week. The damage done by diesel as high prices
00:01:39blight the global economy, we'll ask if Europe can cut its
00:01:44a in long-term dependence on imports of this vital
00:01:46a fuel. War in the
00:01:47of Middle East and Europe has redrawn the global energy map, but is a
00:01:51damage to the global economy also here to
00:01:54in stay. I'll hear from this trio of experts: the European
00:01:58Commission's energy spokes. person tells me how the continent can limit the
00:02:02damage from expensive diesel. this expert on
00:02:05Chinese energy policy will explain what Beijing's restrictions on
00:02:09exports mean for the rest
00:02:11of the
00:02:11a world, and this leading economist lays out what it might mean for the global
00:02:15economy and how businesses and consumers can make ends
00:02:19meat, and the sound of European
00:02:22of manufacturing. the boss have won high-end German Audio firm tells me how he
00:02:26pictures his products in China amed growing trade.
00:02:33in in pensions. Welcome to the
00:02:36program. Our citizens need and deserve
00:02:39affordable energy. Those words could come from any number of
00:02:43politicians around the world right
00:02:45of now. They were though the thoughts of EU Commission president von
00:02:49Delion after this month's agreement by leaders
00:02:51of the G7 advanced economies to released 100
00:02:55million barrels of oil and diesel from their stock
00:02:58of piles. Amid the wars. in the Middle East and Ukraine, it marked the
00:03:02second major release this year. It happened because high energy
00:03:05prices
00:03:06a continue to put pressure on prices right across the global
00:03:09economy. And that inflation has meant the US Federal Reserve and
00:03:13other central banks have felt the need to push up interest rates in an effort
00:03:17to suck money out
00:03:19of the economy. But why has diesel in particular, become such
00:03:22a crisis and what can be
00:03:24a done about it in the longer term, given it's
00:03:26of so important to powering the global economy? Well diesel prices
00:03:30have been climbing steadily in
00:03:32the United States, but it's been a similar picture in Europe and other parts
00:03:36of the world. Since the Iran war started earlier this
00:03:39year. War damage to refineries and other infrastructure in
00:03:43Russia and the Middle East has
00:03:45a redrawn the global diesel map, with much bigger share now
00:03:49coming from the United States. That has increased President Trump's
00:03:52leverage, perhaps explaining why he was able to use the threat of an
00:03:56export ban to force that
00:03:58in release of reserves ahead. the US mid-term elections,
00:04:02europe has lot of diesel
00:04:04and they're going to be making a major world contribution and
00:04:08so are
00:04:09of we, and we're not going to be uh doing the export ban, we're going to
00:04:13be doing what we're supposed to do, but I did ask them
00:04:17and we're going to have lot of oil very shortly as Iran
00:04:20ends which won't be
00:04:22of long, not going to be
00:04:23of long, and you're going to have oil go down
00:04:25of to the price it was before, maybe even lower than I got it
00:04:29at the... Yes, the EU is one part
00:04:32in of the world that's heavily reliance on imported diesel, and nearly
00:04:3640% of its imports have been coming from the
00:04:38US, and because diesel powers
00:04:41of most lorries, tractors and
00:04:43of buses, as well as 38% of EU cars, its price has
00:04:47had an impact right through the economy. At a minimum, depending on the
00:04:51horsepower
00:04:51of the vehicle, our costs can range from 350 euros a day to as much as
00:04:55600 euros a day for larger machines and bigger farms. Can we keep going?
00:04:59No, we can't.
00:05:06of
00:05:21nearly around, i spent 200 miles per
00:05:24week and that cost me so much just to go and come
00:05:28back, at the moment i'm looking for something now remotely just
00:05:32to save money because it's it's ridiculous, i cannot cannot
00:05:36call,
00:05:38you know, either you spend it in food or
00:05:41fuel so... got to balance what's what's what is
00:05:45the priority? is it the food for the family or is it the
00:05:48petrol? so what difference will that release of strategic
00:05:51reserves make to businesses and consumers across Europe who,
00:05:55as we've just heard, are struggling with high energy prices. i've been
00:05:59speaking to the European commission's energy spokesperson.
00:06:03and welcome to talking business, good to have you here and
00:06:07maybe talk to me first of all about that release of strategic reserves, why
00:06:11did it take the United states and that threat from President Trump to
00:06:15encourage, maybe force the EU to release those
00:06:17reserves. The main thing is that G7
00:06:21leaders uh made a commitment not to introduce
00:06:25any bands, for from our point of view, European citizens
00:06:29need and deserve affordable energy, and this is now a step
00:06:32forward. Does that now mean that prices at the pump will
00:06:36fall, because we've seen the impact of higher energy and fuel and
00:06:40gas prices, but particularly diesel. what is of
00:06:43concern? it is true that diesel prices have
00:06:47basically doubled. i'm talking about the prices in Europe, what we have been
00:06:50seeing since since the closure of straight of hormos and
00:06:54we trust that the decision and the subsequent action that will be
00:06:58taken by international energy agency and g7
00:07:01will positively impact oil and oil product prices, but
00:07:05obviously from the European perspective, as long as we
00:07:09rely and import fossil fuels we are. obviously
00:07:13importing the shocks and crisis that come with them. what are the
00:07:16levers that you can pull uh to
00:07:20make sure there is consistent supply, but the prices are
00:07:24affordable, because we know that particularly for diesel, it has huge
00:07:27repercussions for the wider economy. it is true. in
00:07:31Europe, we refine approximately
00:07:3485% of our own production. our
00:07:38suppliers are well diversified across global
00:07:41markets. so for us
00:07:43we we are already we're a a comfortable situation as
00:07:47regards getting supplies, but then of course as regards
00:07:51prices, mean this we're talking about a global crisis and then obviously
00:07:55what we can do in the European commission is is it
00:07:59has its limits, so what we are going to be doing now in
00:08:03short term is to ensure for Europeans that we take
00:08:06all the measures including temporary state aid framework that we are going to be
00:08:10prolonging, we are going to postponed our methane regulation by one
00:08:14year, so these are the type of measures. what we really are facing
00:08:18now is crisis of high energy prices, what we are facing
00:08:22now is an affordability crisis and suppose for the right price
00:08:26anything can be made available, suppose that's the issue, maybe in that focus on
00:08:30renewables, we all took our eye off off the
00:08:34the affordability of supply of fossil fuels, and that's why
00:08:37we're facing the challenge that we face today, isn't it? that is correct,
00:08:41and and when we look at the the consumer
00:08:45prices for electricity for example in our member states, the lowest
00:08:48prices, consumer prices are in those member states where the the energy
00:08:52mix is mostly clean, meaning renewables and nuclear, so
00:08:56there is also clear economic incentive to move towards cleaner
00:09:00energies, but obviously this is a longer term strategy, and
00:09:04now it is possibly going to be very difficult winter at such, so
00:09:08therefore we are now also focusing on the shorter term measures.
00:09:12that can have bite immediately. Anna Kaiza Idken, thank you for
00:09:16being on the program with us this week. It's good to talk to you. Thank you for having me. Thanks
00:09:20lot. On the other side the world, China continues to have
00:09:24huge influence on global energy markets. It's
00:09:27suspended most refined fuel exports for October as the country
00:09:31prioritizes domestic supply. Along with the US, China
00:09:35is one the world's major producers of diesel. So what impact
00:09:39could it have on the already under pressure diesel price? My next
00:09:43guest is an expert on Chinese energy policy at the Oxford
00:09:46Institute for Energy Studies. Dr. Michal Madon,
00:09:50welcome to Talking Business, good to have you here and and maybe explain this first
00:09:54of all, that China is one the biggest producers of diesel in the world,
00:09:58yet it's enforced an export ban. Why? So I think you have to
00:10:02trace the ban back to March when the crisis uh first
00:10:05started, and that was about maintaining domestic supply
00:10:09security. As the months went by and Chinese government
00:10:13realized that they had enough for domestic supplies,
00:10:16then they increased exports. Now we're coming up,
00:10:20well
00:10:20this week is the national holiday, there's
00:10:22a lot of travel, there's
00:10:24a lot of expect. of more industrial activity in China, so the government has
00:10:28actually put a temporary pause on exports again to maintain
00:10:31domestic supply security. yeah, and is that about that diesel being
00:10:35used right now, or is this about making sure
00:10:38that there's enough in reserve in their stock powers to to boost them given what
00:10:42we've seen in the middle east? both, so the really the idea
00:10:46was when refiners were allowed to export over the summer, it was
00:10:50on the condition that domestic stock piles would be enough, because
00:10:54china like... many other countries around the world and many other buyers around the
00:10:58world just don't know how long this crisis is going to last, so what are the
00:11:02implications then for the customers of that Chinese
00:11:06diesel, particularly I think the European Union? so the European Union is sort
00:11:09of second order effect, the the primary customers of Chinese
00:11:13exports are really Asian countries, Singapore, but Singapore is a
00:11:17transit hub, the Philippines, Myanmar, Bangladesh,
00:11:20Australia, and so the impacts are actually quite
00:11:23differentiated. If you think about Australia for
00:11:27example needs diesel but also jet in Bangladesh, in lower
00:11:31income countries, it's very much about the running the economy and people's
00:11:35daily lives, so they're very much suffering from the lack of
00:11:38exports. Now, this is a global market, so if
00:11:42Asian countries don't have enough that increases prices from
00:11:45everyone, Europe is impacted because there are higher prices
00:11:49and because Europe has lost Russian diesel exports and so it's
00:11:53all going into a global pool that's making... prices higher, and there had
00:11:56been hopes that China may have played a pivotal role in making sure that
00:12:00there was continuity of supply, and are those hopes now
00:12:04dashed with this export ban in place? I think the export ban is
00:12:08temporary, but I also think we have to sort of bear in mind that China is
00:12:12a relatively small exporter of diesel, Europe is a biggest is a
00:12:16bigger producer as is India, a bigger exporters of
00:12:19diesel, but again every drop matters right now, and
00:12:23is this politics or... is it about economics? it's about
00:12:26logistics of keeping the Chinese economy going, or is this about
00:12:30something bigger, another front in that big trade war that
00:12:34China and the US and the European Union and big trading blocks are facing
00:12:38right now? I think this is very much sort of energy security and domestic
00:12:41economics and logistics. Chinese refiners
00:12:45sort of would love to export more because the prices of diesel on
00:12:49the global market or so high, they'd actually fetch nice margin and that would
00:12:53be great for them. so they would like to export, but the government
00:12:57is looking after the domestic supply situation.
00:13:01there's been a lot of talk that China has um underused refining
00:13:05capacity and could actually increase its refinery runs
00:13:08right, so it could process more crude and help out the international market. of
00:13:12course you have to buy the crude oil that goes into those refineries and
00:13:16that's quite expensive right now, and not all of China's refineries
00:13:20are able to export, so it's not a particularly nimble or
00:13:23economically efficient. system and we sometimes overlook that.
00:13:27Dr. Michael Medan, it's good to talk to you on the program this week. Thank you. Thank
00:13:31you. So, how does all of this tie together for the global
00:13:34economy, and those ambitions many politicians have to bring
00:13:38inflation down to the 2% target that is set by their
00:13:42central banks. That would of course ease the cost of living crisis
00:13:46that millions are facing right now. I've been catching up with renowned
00:13:49economist who was the deputy director the international monetary fund and
00:13:53is now chief economic. advisor at the insurance giants
00:13:57alliance. good to talk to you on
00:14:00the program this week and we're looking at higher diesel
00:14:04prices, higher energy prices right around the world, but let's focus on diesel
00:14:08and what impact that has on the wider economy when prices are at
00:14:12the solder levels that we're seeing today. it has huge
00:14:16economic impact, social impact and political impact
00:14:20economically, everything we buy a
00:14:23shop has a diesel fuel element to it,
00:14:27transportation is absolutely key, that uses mainly diesel,
00:14:31farming,
00:14:32it is all over the economy, it's a price we don't normally look
00:14:35at, but now it's the first price i check every
00:14:38morning, it has social impact too, because it hits the lower income
00:14:42households particularly hard, and then you get the political
00:14:46impact, it adds to this affordability pressure that's
00:14:50driving lot the politics we seeing around the world, but this is
00:14:53everyday cost isn't it, and already coming on the top of a cost of
00:14:57living crisis? it is, um, and it's ironic,
00:15:00because you will hear for example, the US president
00:15:03saying that the tanker flow out the middle
00:15:07east is back to poo level, and that's true for crude
00:15:11oil, the problem is refined products, and there's two
00:15:15issues here, one is the flow out is at about 50% of what it
00:15:19was, and secondly, refineries are not
00:15:22operating the way they should be, so... Suddenly it is
00:15:26refined products that become important and the most
00:15:29important
00:15:30of all refined product is diesel because it impact is so wide spread.
00:15:34Traditionally of course central banks would raise interest rates to. try and keep a
00:15:38lid on rising prices to tackle inflation, but
00:15:42you're suggesting that this time around it's very different and they shouldn't do
00:15:46that. first of all, it won't do anything for the supply of
00:15:49diesel. um, second, it's a
00:15:52wrong policy response. the white policy response is
00:15:56fiscal adjustment, and the advantage of fiscal adjustment is it
00:16:00helps a second price that's really problematic all over the world right
00:16:04now, and that is government bond yields with.
00:16:07defines what our mortgages cost, how much corporate
00:16:11lending cost, so if the government doesn't reduce its
00:16:15claim, we're going to see interest rates continuing to go up, and
00:16:19that's going to add yet another leg to the affordability crisis
00:16:23that lot of people are feeling, and which taxes would you look at changing as
00:16:26part of that fiscal response? so it varies enormously
00:16:30from country to country, in some cases you're able
00:16:34to raise the income tax. on the
00:16:38wealthiest part the population, in other
00:16:41cases, like the UK, there's a case for an
00:16:45extra levy on banks, it really does vary from country to
00:16:48country, and many these countries can
00:16:52benefit from more efficient and rational expenditure.
00:16:56um,
00:16:56you know, I'm not saying it's easy, it requires political
00:16:59leadership, but better do it now, then when you
00:17:03have crisis and if you look around the world, there are three
00:17:07g7 economies that are particularly vulnerable and who would have thought a g7 economy would be
00:17:11vulnerable and that is France, we see what's happening in France, Japan
00:17:15and the UK, you say that better to do now than
00:17:19before we're a crisis, is this not crisis
00:17:22already? by crisis i mean that
00:17:26financial instability and prices
00:17:30start hurting the real economy a fundamental way, so let's
00:17:34assume that these ability
00:17:37pressures persis what's going to happen
00:17:39what economist call demand destruction, people will buy
00:17:42less, people will not be able to afford what they
00:17:46have, companies seeing this will invest less, and next thing you
00:17:50know you're getting closer to either store speed, meaning the economy
00:17:54slows down and is very, very exposed to
00:17:58recession, we don't want to get there, so what is the solution here, what happens
00:18:01next, take take a page from what you've been advocating to
00:18:05others for such a long time, fiscal responsibility
00:18:08matters, economic growth matters, productivity growth
00:18:12matters, and this all can be done through policies,
00:18:16it just requires political leadership. Dr. Mohamed Alarian, really good to
00:18:20talk you, good to get your insight this week, thank you so much, thank you.
00:18:24Still to come after the break, why made in Berlin is music to
00:18:28Chinese ears. The boss of top German audio firm
00:18:31tells me why high-end prices aren't drowning his company out
00:18:35of a competitive market.
00:19:14Meet the cultural visionaries shaping our artistic landscape. You need
00:19:18a kind of mystery, kind of curiosity with your own work. Gain rare
00:19:22access to their daily pursuit of excellence. This
00:19:26experiencing of music is almost sacred. Discover the
00:19:30passion, discipline and ambition behind their success.
00:19:33We're here to complete the execution of a dream. See ideas.
00:19:37transformed into lasting works of art and performance
00:19:41arts in motion on BBC
00:19:43News
00:19:53Welcome back to Talking Business now if you think of home audio products you may
00:19:57think of China and
00:20:00no wonder it's estimated 80% of such products
00:20:04are manufactured there but there are exceptions bombers. is
00:20:07one of Germany's best known high-end audio brands, it makes all of
00:20:11its products in Berlin and sells them all over the world, even
00:20:15in China, but China's domestic brands are becoming
00:20:19increasingly innovative, and so can European
00:20:22manufacturing and heritage compete with new high-tech
00:20:26players. I've been speaking to Bormaster's chief executive.
00:20:30Torston, welcome to Talking Business, good to have you here, and look, if someone's
00:20:34not heard of uh the company, what is it that you
00:20:40has the privilege for almost 50 years now to build some the most
00:20:44sophisticated and prestigious stereo systems in the
00:20:48world equipping the most beautiful cars in the
00:20:51world uh with sound with music um that's what we do
00:20:55from source device to a speaker
00:20:59and who are you selling them to because already I get a sense that these
00:21:03don't come cheap do they they come with lot of quality and this
00:21:07quality comes a certain price that's correct
00:21:10nevertheless the let's say the bandwidth of customers is is
00:21:13huge uh we have very wealthy people of course among our
00:21:17customers but we also have people in them always proud when i see this
00:21:21that come here with their can working gear and they really save
00:21:24their money to be able to afford a component or a system of
00:21:28hours to enrich their life with the way they want to experience their music
00:21:32with. okay so tell me if i brought my car to you and i said kitted up with a good
00:21:36sound system thouston, how much is it going to set me back roughly? well it
00:21:40sets you back the entire price the car because we are not doing
00:21:43anything after sales, we are supplying um
00:21:47mercedes, AMG, porschea. miibah
00:21:51ferrari with systems and they are built
00:21:54in from the factory, but we are not doing any after
00:21:57sales systems, so regret when you will have to go with a completely
00:22:01new car. okay, take your point, maybe i can't afford the car, but you
00:22:05know, give a sense, what does a system like this cost, how much would
00:22:09it set me back? the surcharge of a burmaster system a car is
00:22:13between 1,00 euros and e or 9,00
00:22:16euros, so it's uh, it's a lot less than... than the
00:22:20home components or the integrated components that we're that we're
00:22:24doing, but it's a completely different system, it's a completely different quantity of
00:22:28course, and as well as cars, you put them in people's houses as well, and that's
00:22:31an important market for you, isn't it? it is,
00:22:34it is where we are coming from, actually, and today we're one the few companies
00:22:38that is supplying and manufacturing every type of
00:22:42device in this industry, from a turntable, to speakers, to amplifiers,
00:22:46to music servers, basically anything, well...
00:22:50where in the world are you selling as well, where are your customers right now? guess
00:22:54there are audio lovers all over the world, but where are key markets for your
00:22:57business? since Germany is our domestic market, Germany is
00:23:01still relevant market for us, but it has been
00:23:04outrun uh by the United States
00:23:08and especially by China. Asia in general is is
00:23:12very strong region for us, we have founded our own entities in the United
00:23:16States and this year also in China to expand our business there and...
00:23:20fulfilling the promise that comes with bulmester when it comes to experience
00:23:24also around the product, we had to to go this
00:23:27step. how challenging is the Chinese market for you though, as an
00:23:31outsider, going to a place that I think makes about
00:23:3480% the world's audio equipment. It is very
00:23:37tough market to be in. luckily, the Chinese customers
00:23:41appreciate the quality that we are providing, and the
00:23:44challenge comes with the lack of patience the
00:23:48customers.
00:23:49um, the... customers, more than any other customer in the world wants to
00:23:53be quick with getting his or her individual
00:23:57product, so also in order to adapt to this
00:24:00demand, um, we had to found our entity
00:24:03there, and do you worry that as business trading with
00:24:07the US and China, but being based there in Europe, you end up getting
00:24:11caught up, your collateral damage in the huge trade disputes
00:24:14between three huge trading blocks, we don't know what the future
00:24:18brings, of course you're right, "there is lot of tension when it comes to this
00:24:22uh, what I can say at the moment is that uh is is
00:24:25running very well um also
00:24:28a a daily basis when it comes to financial transactions when it comes
00:24:32to um delivering shipping products um everything
00:24:36is well in place and uh things down there are running
00:24:39well um when you adapt to the rules
00:24:43and um and this is what's what we do right now those threats
00:24:47of things like terrorist from the white house" have a big effect on
00:24:51firms that are importing and exporting? mean, what is it meant for you? for
00:24:55us, the situation uh turned out positively,
00:24:59because our the category of products that we are
00:25:03doing is a 10% tariff, and we could
00:25:06compensate this in the market through adapting prices,
00:25:10through um taking some the tariffs um
00:25:13and on on our shoulders, so they
00:25:17um the growth in the market and the still... existing high
00:25:20demand of for our product over
00:25:22there um made this
00:25:25situation by far not as serious as we
00:25:29were - feeling it
00:25:32initially. Touston really good to talk to on the program this
00:25:36week. My pleasure, thanks for having me. That's all for this
00:25:40week. You can keep up to date with all the latest on the global economy on the BBC News
00:25:44website and app. But until next time, thanks for watching and we'll see you
00:25:48soon. Bye-bye.
00:25:59Hello there. Let's take a brief look now at the world weather forecast for. next day
00:26:03or so and we'll begin in North America.
00:26:06now the heavy rain has pulled away from the appellations the mid-atlantic states
00:26:10out into the Atlantic, some high snowfall accumulations perhaps
00:26:14across the Canadian prayer still as we head through Monday and the
00:26:17remnants of Hurrican Rachel have brought about lot of tropical moisture
00:26:21leading to
00:26:22some very heavy downpours across the desert southwest into the four corners
00:26:25region. meanwhile um hurricane Simon has made
00:26:28landfall on the west coast of Mexico, some huge... huge
00:26:32rainfall totals here, some very strong winds and huge storm
00:26:36surge as well, the rainfall continues across many parts of central America, the Caribbean and
00:26:40also across the far northwest of South America, the showery outbreaks of rain
00:26:44stretching down through the Amazon and some more heavy downpors too
00:26:48expected across southeastern areas of Brazil, there's been recent flooding,
00:26:52cooler air continues for many parts of Argentina, meanwhile it's
00:26:55warming up across southwestern Europe, Iberia and in France temperatures
00:26:59climbing still unsettled across the far northwest with these low pressure
00:27:03systems across the United Kingdom moving through to Scandinavia where
00:27:06temperatures will also build in that milder air, very unsettled still with the
00:27:10deeper of low pressure continuing to develop in the Mediterranean effects in southern
00:27:14Italy, Greece and the Balkans and also some these North African
00:27:18countries too, Algeria and Tunisia, some thunderstorms developing
00:27:22here, meanwhile around the Gulf of Guini, the tropical zone we'll see some high rainfall
00:27:26totals, also across the highlands of Ethiopia and into
00:27:29Somalia, now for the Middle East there will be some shower
00:27:33outbreaks of rain across the caucasus, down into the levant, at times heat
00:27:36continues across the Arabian peninsula, the southwest monsoon has begun
00:27:40its withdraw, it's currently across central states of
00:27:44India, slightly ahead of schedule, showers continue across the far
00:27:48south and across Sri Lanka as well, we could see deep area of low pressure,
00:27:52possibly a tropical cyclone develop in the Bay of Bengal as we head through the next few
00:27:55days, meanwile these tropical cyclones out in the pacific
00:27:59largely skirting past Japan, so not affecting land continues
00:28:03across China, particularly for central southern areas there, and the
00:28:07monsoon rain continues across Southeast Asia as we'd expect
00:28:10to see it this time of year still. Meanwhile, across Australia we're seeing some
00:28:14fairly high rainfall anomalies, particularly across the desert interior and
00:28:18across South Australia and into the southeast as well, there could
00:28:21be some more thunderstorms affecting uh parts of Victoria and into
00:28:25New South Wales. Bye for now, there is
00:28:29nothing like driving into a moving story and not. knowing what
00:28:33is going to happen, you can hear the sound of celebratory
00:28:36gunfire. i live for those moments. journalism is about being there
00:28:40as events unfold and telling people not only what happened, but
00:28:44why it matters and what it means. history happens
00:28:48in real time, and someone needs to be there to witness
00:28:51it.
00:28:58the stories we tell make headlines. lot of people here telling me that.
00:29:02Land is not for sale and have a lasting
00:29:06impact. Reporting live from Doha as the war with
00:29:09Iran continues, so we go there to ask
00:29:13questions and see for ourselves, on the ground,
00:29:17across continents, and back at the studio,
00:29:20we bring you closer to the story, the world
00:29:24today. Watch on BBC
00:29:26News!
00:30:06live from London, this is BBC News: another
00:30:10strike hits Riyad airport in Saudi Arabia,
00:30:13day after 12 people were killed and hundreds wounded in a
00:30:17hoothi attack. President Zelensky has denied
00:30:21knowledge of an energy cease fire with Russia announced by Donald
00:30:25Trump, but he says Ukraine supports the idea if Russia does
00:30:28too. At least 139 people have been. killed
00:30:32including 15 children a deadly shipwreck off the
00:30:36coast of Djibuti. Flash floods in Central
00:30:40Nepal, sweep away, bridges and homes as five people
00:30:43reported missing. Manchester City win
00:30:473-0 against Liverpool in their first match since being found
00:30:51guilty of breaching financial rules.
00:30:55Pope Leo says he's to undergo surgery after his doctors detected
00:30:59what he called "