comment on speculation. the company has been grappling with losses and debt since 2019 when its plan to go public failed, worrying investors. to our north america business correspondent michelle fleury. well—documented problems, that failure to launch and go public in 2019 and here we are potentially from a massive valuation now facing bankruptcy protection. flat from a massive valuation now facing bankruptcy protection.— bankruptcy protection. not a surrise bankruptcy protection. not a surprise but _ bankruptcy protection. not a surprise but at _ bankruptcy protection. not a surprise but at the _ bankruptcy protection. not a surprise but at the same - bankruptcy protection. not a l surprise but at the same time bankruptcy protection. not a i surprise but at the same time a stunning full from grace when you consider how big this company was. at one point it had a valuation of 47 billion. you have the pandemic and a shift to remote working and you start to see some of the struggles confronting the company, in particular at the time when it was growing exponentially it was signing leases at a time when prices were still high. since the pandemic, the picture looks very different and the picture looks very different and the business modeljust wasn't sustainable. add to that the fact many people don't work from an office all the time and you can see sort of how that is hurting its ability to make profit. it’s sort of how that is hurting its ability to make profit. it's not 'ust ability to make profit. it's not just wework _ ability to make profit. it's not just wework that's _ ability to make profit. it's not just wework that's facing - ability to make profit. it's not - just wework that's facing problems, you've been reporting on commercial properties, office buildings across north america and large parts of europe, with many more people working from home and they are struggling to fill all the offices. this has been a staggering problem, we are talking about thousands of square feet around the country. there are lots of empty skyscrapers around here. ivisited there are lots of empty skyscrapers around here. i visited some of them and landlords are struggling. sometimes they are trying to get creative. i was speaking to a company that lets out office space for film sets but in other cases they are looking at something that traditionally landlords didn't like to consider and that's conversions into apartments. it is an issue confronting many cities, it's not just the buildings themselves, you have to think about the knock—on effect of what it does to local ecosystem, the local shops, the shoe shops, the lunch spots, the drycleaners, all of that that grows up drycleaners, all of that that grows up and depends on having an active lot of people around. it is a challenge for landlords and something that certainly you see economists point to as a worry going forward, at that high interest rates and it's a real problem and has been and it's a real problem and has been a real problem for wework, this shift away from that back in the office five days a week trend is hurting it and it's a bit of a black eye for its big investor softbank. speaking of the economy and rising interest rates, all eyes on america's central bank. in interest rates, all eyes on america's central bank. in a couple of hours we — america's central bank. in a couple of hours we are _ america's central bank. in a couple of hours we are going _ america's central bank. in a couple of hours we are going to _ america's central bank. in a couple of hours we are going to find - america's central bank. in a couple of hours we are going to find out i of hours we are going to find out whatjerome powell and other officials inside the federal reserve decide to do. they are still worried about inflation but given that there are signs that financial conditions are signs that financial conditions are tightening, they may feel they can leave interest rates on hold and stand back in part because some of those tighter financial conditions, whether it's what's going on in the bond market at the moment, is doing some of their work for them. we'll have to wait and see and find out in a couple of hours what they do. thank you. world leaders and artificial intelligence experts have gathered here in the uk for the first ever global ai safety summit. they are looking at the risks the fast growing technology represents, and considering how to regulate it. the summit is focusing heavily on the existential threat some governments fear ai poses. jose manuel barroso, former president of the european union, says he is sceptical that all global players will be open and honest about their ai capability. artificial intelligence today is also a weapon. it's also an increase in national security and very advanced technologies. so of course, some of the big players in the world will not share everything they could share in artificial intelligence capabilities. so, what we have to do is some kind of, i will not call it regulation but some kind of lets say best practices. but at the end of the day, if you want to be sincere, we know that there are competing interests and artificial intelligence being such a powerful, what i call super intelligence, is a disruptive but most likely some of the big players in the world will not be completely open to frank and sincere cooperation. a lot of discussion right now about al and cyber security. the full interview with jose manuel barroso will be on business briefing tomorrow morning at 0530am gmt. as the uk summit begins — riyadh, in saudi arabia, is hosting the global cybersecurity forum. hacking and cyber crime are a growing problem. attacks can be devastating for businesses, compromising data, disrupting operations and damaging their brand and reputation. over 75% of cyber—attacks start with someone opening a malicious email. bernardo pillot is the assistant director for cybercrime 0perations at interpol�*s cybercrime programme. i asked him what interpol is doing to tackle the rise in cybercrime. as far as what we are seeing an interpol and what we are doing, that is an increase in ransomware affecting companies across the globe. we recentlyjoined the account ransomware initiative which is a us led initiative looking at tackling some of the most prevalent cyber threat actors operating throughout the world. our goal is to bring in our195 throughout the world. our goal is to bring in our 195 member countries towards this fight against ransomware and cyber crime and hopefully helping the law enforcement community be active and have an impact. enforcement community be active and have an impact-— have an impact. when you say active and have an — have an impact. when you say active and have an impact, _ have an impact. when you say active and have an impact, it— have an impact. when you say active and have an impact, it involves - have an impact. when you say active and have an impact, it involves the l and have an impact, it involves the regulators, the organisations like your own and businesses to be one step ahead and that is the challenge for the cybercriminals. they only need to be right wants to cause a lot of damage and you need to get it right all of the time. how do you stay one step ahead? the right all of the time. how do you stay one step ahead?— right all of the time. how do you stay one step ahead? the way we tried to stay _ stay one step ahead? the way we tried to stay one _ stay one step ahead? the way we tried to stay one step _ stay one step ahead? the way we tried to stay one step ahead - stay one step ahead? the way we tried to stay one step ahead is . tried to stay one step ahead is partnering with private industry. interpol has a private agreement with the private sector called the gateway project where we partnered with private industry, the public sector, in order to share threat intelligence that would be useful for member countries. interpol takes that intelligence and makes it actionable, where we deliver it to member countries and coordinate operations hopefully to track down and bring some of these actors to justice. and bring some of these actors to 'ustice. �* ., _, , , and bring some of these actors to 'ustice. �* ., , , ., justice. and of course, this sort of crime operates — justice. and of course, this sort of crime operates across _ justice. and of course, this sort of crime operates across borders. i justice. and of course, this sort of. crime operates across borders. you need collaboration and cooperation across borders. do you feel you get that right now? is there enough collaboration between countries to tackle this problem internationally? there is collaboration taking place. i think we need more. one forum that interpol is participating in is the un committee process for new cybercrime convention. hopefully that's a forum that brings in member countries from around the globe, looking at cyber crime and better ways to collaborate and exchange information. so, there is work being done, i think there's still a lot more we can do. the panama canal will make more cuts to the number of ships using the waterway due to the worst drought in over 70 years, authorities say. the panama canal authority says it has been forced to make the decision due to the driest 0ctober since records began in 1950. the decision is expected to increase the cost of shipping goods around the world. currently around 13 to 111,000 ships use the canal annually. peter sand is chief analyst at xeneta, a shipping analytics company based in copenhagen and he explained the significance of this. the panama canal is one of the maritime choke points of the world and obviously it gives everybody the chance to think about how ever given got stuck in the suez canal. now we have a dry season, basically we have a wet season which is dry in the panama region right now, so that limits not only the number of transits for any kind of ship in the globalfleet when they transits for any kind of ship in the global fleet when they transit the panama canal but also the load they can carry four containerships. that means they can probably take on board a couple of thousand containers of fuel than you would otherwise do. whereas on a normal day you would have 15 containerships transiting the panama canal, going forward you will only have eight. so, we really see a massive playing out slow motion and on another platform you can already see that the spot rates for transits where you basically have a connection between us east coast and gulf coast, the spot rates are inching up this morning so that's a price for everything. it reminds you of the significance of that trade route. in other news. tesla has won its first trial over allegations that its autopilot driver assistant feature led to a death. a jury in california rejected a claim that a tesla car involved in a fatal 2019 crash had a manufacturer's defect in the civil lawsuit. the automaker faces several other lawsuits related to the same technology. apple has lost its bid to block a mass london lawsuit accusing it of hiding defective batteries in millions of iphones by "throttling" them with software updates. the tech giant is facing a lawsuit brought by consumer champion justin gutmann on behalf of iphone users in the united kingdom, which the competition appeal tribunal ruled can proceed. danish wind energy giant 0rsted says that it will cease operations on two offshore projects in the us. the company said it had to stop the development of its 0cean wind projects off the newjersey shore, citing 'high inflation, rising interest rates and supply chain bottlenecks.�* a federaljury in the us state of missouri has found some of the country's largest real estate brokers liable for nearly $2 billion in damages for artificially inflating commissions on the sales of homes. the class action argued that between 2015 and 2022, the commission that sellers were forced to pay to cover the costs of their buyers' brokers was anti—competitive and made transactions more expensive. you are up—to—date with all the business. you're watching bbc news. you are live with bbc news. breaking news, we have had a post on social media from president biden of the us. today, thanks to american leadership we secured safe passage for wounded palestinians and foreign nationals to exit gaza. we have been following the first time of course the rafah crossing with egypt has been open for people in gaza to cross into egypt. the numbers getting across have been slowly ticking up as the hours have gone by and we are monitoring that. i want to take a different perspective on this story. we will speak to two people working for peace, despite their own personal loss. the parents circle families forum — joint israeli—palestinian organization. more than 600 families all lost a family member to the conflict over the years. robi damelin, an israeli parent whose son was killed by a palestinian sniper in 2002 while guarding a checkpoint. bassam aramin, a palestinian parent, whose daughter was killed by an israeli border policeman in front of her school. i spoke to them both — i began by asking robi to tell us her story. well, my son was a student at tel aviv university and he was studying for his masters in philosophy of education and he was called to the reserves and he really didn't want to go because it meant he had to serve in the occupied territories. in the end he went and he was killed by a palestinian sniper. when the army came to tell me, the first thing i said it is you can't kill anybody in the name of my child. i didn't know i'd said that that i was told that afterwards. very soon after david was killed i knew i wanted to do something to prevent otherfamilies, mainly mothers, from experiencing this pain which i assure you never goes away. it’s experiencing this pain which i assure you never goes away. it's an extraordinary — assure you never goes away. it's an extraordinary story _ assure you never goes away. it's an extraordinary story to _ assure you never goes away. it's an extraordinary story to then - assure you never goes away. it's an extraordinary story to then make i extraordinary story to then make that decision to try to work for peace and hope. bassam, if you could talk to me briefly about what happened to you. i talk to me briefly about what happened to you.— talk to me briefly about what ha ened to ou. ., ., _, ., happened to you. i was a co-founder of a a-rou happened to you. i was a co-founder of a group called _ happened to you. i was a co-founder of a group called combatants - happened to you. i was a co-founder of a group called combatants for - of a group called combatants for peace _ of a group called combatants for peace which is soldiers and officers who refused to serve in the occupied territories _ who refused to serve in the occupied territories and two years later i lost my— territories and two years later i lost my ten—year—old daughter in front_ lost my ten—year—old daughter in front of— lost my ten—year—old daughter in front of her— lost my ten—year—old daughter in front of her school. she fell down in two _ front of her school. she fell down in two days — front of her school. she fell down in two days later she passed away and two _ in two days later she passed away and two days later ijoined the organisation because i knew it was a group _ organisation because i knew it was a group that— organisation because i knew it was a group that wanted to raise up their voice _ group that wanted to raise up their voice and _ group that wanted to raise up their voice and say no more blood, no more kiiiino _ voice and say no more blood, no more kiiiino we _ voice and say no more blood, no more kiiiino we are — voice and say no more blood, no more killing. we are more than 600,700 families_ killing. we are more than 600,700 families from both sides with a simple — families from both sides with a simple message of peace and reconciliation and in spite of that, the last— reconciliation and in spite of that, the last four months for example we face this— the last four months for example we face this policy from the current israeli _ face this policy from the current israeli government to abandon send us to israeli schools to talk about our experiences because they consider as a threat because we are talking _ consider as a threat because we are talking about peace and reconciliation —— they have banned us from _ reconciliation —— they have banned us from going to israeli schools. we have the _ us from going to israeli schools. we have the moral authority to say stop the killing _ have the moral authority to say stop the killing and we have our enemy which _ the killing and we have our enemy which is _ the killing and we have our enemy which is the israeli occupation which — which is the israeli occupation which is — which is the israeli occupation which is responsible for why we are killing _ which is responsible for why we are killing and — which is responsible for why we are killing and fighting each other. rohi. — killing and fighting each other. rohi. i— killing and fighting each other. robi, i want to pick up on the moral authority but inside, how do you start, how did you start? you must have felt feelings of anger and potentially desire for revenge and to lash out. how do you start to overcome those feelings and move towards where you are now? well. overcome those feelings and move towards where you are now? well, i really didn't — towards where you are now? well, i really didn't have _ towards where you are now? well, i really didn't have a _ towards where you are now? well, i really didn't have a sense _ towards where you are now? well, i really didn't have a sense of- really didn't have a sense of revenge and i was angry with the army. there was not a face in those days of the person who killed my son so i wasn't really involved with trying to find a way to revenge. when they caught the man who killed david, that's when it became difficult because i have travelled around the world talking about peace and non—violence and suddenly there was a face and changed the whole aspect. i'm from a south african background and i knew almost immediately i wanted to do something, to have some sense of closure with the man who killed david. it's a very long story but that's not the essence of the work we are doing. the work we doing is on the ground and what we want in the future to have a framework for reconciliation process to be an integral part of any peace process. that sounds very strange to say now in the midst of this horrific war that we are having. we must now have a ceasefire, we must stop killing each other. this is not possible to go on like this, can you imagine how many bereaved families there are going to be when this finally comes to an end? we know, bassam and i, what is going to happen to the families that are left behind and we have to try to stop the government and to stop this madness. what have to try to stop the government and to stop this madness. what was our and to stop this madness. what was your reaction _ and to stop this madness. what was your reaction when _ and to stop this madness. what was your reaction when the _ your reaction when the intensification from october to seventh onwards, given the years of work you had previously done? it proves that what we're saying is right _ proves that what we're saying is right. since the killing of my daughter and even before in the last three _ daughter and even before in the last three weeks, i am angry, i am still angry, _ three weeks, i am angry, i am still angry, i'nr— three weeks, i am angry, i am still angry, i'm full ofanger three weeks, i am angry, i am still angry, i'm full of anger but it's a matter— angry, i'm full of anger but it's a matter how— angry, i'm full of anger but it's a matter how you this anger. we see it all the _ matter how you this anger. we see it all the time _ matter how you this anger. we see it all the time that the palestinians or israelis— all the time that the palestinians or israelis will never feel safe because — or israelis will never feel safe because they occupy on other people. this is— because they occupy on other people. this is our— because they occupy on other people. this is our common enemy. who pays the price? _ this is our common enemy. who pays the price? mainly the civilians, kids— the price? mainly the civilians, kids and — the price? mainly the civilians, kids and women from both sides. my thanks kids and women from both sides. thanks to kids and women from both sides. ij�*i thanks to bassam kids and women from both sides. ij�*i: thanks to bassam and kids and women from both sides. ij�*i“: thanks to bassam and robi sharing their personal stories and efforts to promote peace. these are the live feeds coming into us, this is the blackness of gaza city. plenty more coverage on bbc news. the met office has warned that storm ciaran will bring travel disruption, potentially damage buildings and even pose a risk to life, in the next 2a hours. warnings have been put in place for the south—west of england — from 3am until 11am on thursday — and also in the south—east of england, starting at 6am on thursday, lasting until 5pm. these pictures show how the high winds have been whipping up the waves in cornwall, on the lizard peninsula — on the county's southern coastline. gusts of up to 70mph are possible in some exposed parts — with as much as 30mm of rain expected to fall tomorrow. the storm has already caused flooding in newry in northern ireland. heavy rain led to the newry canal bursting its banks, affecting the streets around the city hall. local officials say the water levels were unprecedented, and four roads had been affected by landslips. chris page is there — and he sent this report. there is relief here that the worst may be over. but disbelief at the scale of the damage. the area most severely affected is in the city centre between a river and a canal. in this street, offices, shops and restaurants were at one stage under three feet of water. retailers did their best to save stock, much of it new, just bought in for the christmas season. it's a nightmare scenario for us. we put a new floor in three to four weeks ago. so it's in bits. the fixtures are all going to be warped. the heating system will be, you know, out of action. so it'sjust going to be a long haul to get back. dozens of businesses are facing repair bills of thousands of pounds. basements were particularly vulnerable to the rising water levels. this solicitor is drying out documents. he says previous flooding has created more problems this time. well we would like to find out whose fault this is because most of the businesses will be uninsured because of the last flood in 2007. people can't get flood insurance as a consequence of that. so people are left bearing these losses themselves. government officials say the emergency response effort is working well. disruption to transport is easing. in the last 2a hours the motorway between belfast and dublin has even been affected. some railway lines became invisible under the deluge. in newry, most people have never seen flooding as bad as this. the solid ground is reappearing, but a costly clean—up is beginning. one in ten county councils in england is facing effective bankruptcy. that's the warning from local government leaders, who say its members are under pressure because of inflation and the rising demand for services. here's our political correspondent, alex forsyth. hello? is it kate? i'm alex. come on in. kate has been a foster carer in derbyshire for 20 years, offering her home to some of the most vulnerable children. we've had young people who haven't been to the park or built a sandcastle, and that's very sad. she says the care and support that fostering offers is invaluable. but demand is soaring and places are short. i know as soon as i say the green light, the placement will be in demand again. because just the number of people who need care? because of the number of people that need care. we just need lots of us. and there's not enough out there. what's happening now? how are you feeling? in the offices of the county council's fostering team, the phones rarely stop ringing. there's been issues around school and everything, so just checking to see if you're alright. finding places for children who need care is piling pressure on stretched budgets. we absolutely want to try and do the best for our children really. but there is a limit to that as well and obviously that needs to come with more funding. so it is sort of, you know, at crisis level at the moment, really. the body that represents county councils, like the one here in derbyshire, says these spiralling costs are pushing some to the brink. one in ten are worried about balancing their budgets this year. other authorities are saying costs of social care and housing are becoming unsustainable. and while councils can't technically go bankrupt, they can reach the point where they can't spend on anything but the services they have to provide by law. that can mean significant cuts elsewhere. it's not all councils, but across england we've spoken to dozens who say while they're not at that point yet, the future looks bleak. hampshire has said its budget is stretched to breaking point. windsor and maidenhead is introducing emergency controls on spending. and coventry says local government stands on the precipice of financial disaster, to name just a few. we need to ask tough questions about governance and about decision making and i think what we're seeing is more and more, quote unquote, well—run councils telling us that they're moving much closer to the edge. if councils fall over, the pressure on the nhs increases massively. the pressure on the police increases massively. these are vital services that people rely on in their day to day life. the government points to more than £5 billion of increased funding available this year and says it monitors pressures on all councils and stands ready to talk to any concerned about their financial position, adding that councils are ultimately responsible for the management of their own finances. back in derbyshire, everything from roadworks to staff overtime is under the microscope, as they try to save millions from their budget. here, they're confident of staying on track, but others are warning they're running out of road to avoid insolvency. alex forsyth, bbc news. now it's time for a look at the weather, with chris fawkes. hello, storm ciaran is explosively developing as we speak. the satellite picture shows this rapidly intensifying area of low pressure continuing to take shape and race towards our shores. it's this that will bring some very strong winds to our neck of the woods. now, the met office have issued a couple of amber wind warnings across southern england. gusts of wind 70 or 80 miles an hour, strong enough to bring down some trees in a few places, so we could see some disruption. but the strongest winds will be heading across the north—west of france and the channel islands. gust of wind over 100 miles an hour, strong enough to rip roofs off buildings, whereas across parts of southern england, the winds are going to be kind of the strength you're going to see lots of times this autumn and winter season. so there'll be a large variance in the winds from place to place, even over a relatively short distance. today, while broadly speaking, it's a day of sunny spells and showers, the quiet before the storm. we do have some longer spells of rain in northern scotland where it continues to be quite cold. so overnight that storm ciaran, moves in, and the fierce, violent winds come behind this cold front in a conveyor belt of damaging winds that transfers across the north—west of france to the channel islands with winds gusting over 100 miles an hour in places. roofs get ripped off buildings for one or two places. lots of trees being brought down. so i'm expecting some severe transport disruption and disruption to power supplies as well. now, the winds could also bring impacts to devon and cornwall. and as we go through the day, the winds will tend to pick up once again into parts of kent and sussex. ferries are likely to be affected with delays and cancellations, but in the centre of the low pressure, it's actually not going to be that windy. so just bear that in mind, the strong winds aren't for everyone. now, heading into friday, the storm system works its way into the north sea. it's weakening rapidly by this stage. so it's still quite a windy kind of day, but no impacts really expected. what will continue to happen, though, is we'll continue to see further outbreaks of rain. and the rain both through thursday and friday could tip the balance and bring some further localised flooding for some of our communities, given how wet the weather has been during october. now, beyond that, through saturday and sunday, it stays unsettled with showers or some longer spells of rain. so again, there could be a few flooding issues and again, the winds are likely to pick up, i think, as we go into sunday as well. that's the latest. bye for now. 76 injured palestinians and as many as 335 foreign passport—holders are now reported to have crossed into egypt from gaza — the first to leave the strip since israel's siege began. 0ur correspondent in gaza confirms all local mobile and internet services are down again. another large air strike hits jabalia in northern gaza a day after dozens were killed there. the head of the un says he's appalled. senior civil servant helen macnamara has told the uk covid inquiry there was not one day when covid rules were followed in downing street during the pandemic. the uk announces an agreement on how to manage the riskiest forms of ai, as it hosts the world's first artificial intelligence safety summit. hello, i'm lewis vaughanjones.