We will now fund the cost of their training in full. This will cut costs for businesses and Training Providers and support thousands more young people to start an apprentice. Make uks Chief Operating Officer is ben fletcher. A little earlier he told me why his members were still quite optimistic, despite a difficult outlook,. A lot of this comes from the fact that manufacturers are an extremely hardy bunch. They are, by definition, problem solvers. They are about how you take a problem and fix it and get through it. Our members have always been resilient and optimistic and positive, and they have a great deal of faith in they have a great deal of faith in the work they do in the sector. I think the challenges, for a variety of reasons, loss of our markets and the integrated supply chain is that we are part of a cross europe, they are depressed because economy in all of our Major Trading partners are not strong at the moment. There are some significant and ongoing issues with Energy Prices which continue to be really difficult, and if you are running a factory, Energy Prices are often your biggest cost. And very much to the point the Prime Minister has been making today, there is a real Skills Crisis in the sector and recruitment is a real challenge. So positive people, realfaith in the sector, realfaith in what positive people, realfaith in the sector, real faith in what they can do, but is a really strong headwinds to fight against at the moment. I5 to fight against at the moment. Is there any faith that a government, whatever colour, later this year, will we be able to deliver the reforms and change the Industry Needs . I reforms and change the Industry Needs . ~. , reforms and change the Industry Needs . ~. ,. , needs . I think what has really happened needs . I think what has really happened in needs . I think what has really happened in the needs . I think what has really happened in the last needs . I think what has really happened in the last year needs . I think what has really happened in the last year or i needs . I think what has really| happened in the last year or so needs . I think what has really i happened in the last year or so is there has been a growing understanding across politics in the uk about the importance of manufacturing. Manufacturing is starting to matter again. The chancellor and Prime Minister in the Autumn Statement and budget, and the speech today, have talked about a range of things like apprenticeships, which are really important to us. The labour party has published a Draft Industrial Strategy which we think its really important too. I think the really important too. I think the really important issue for us is this isnt just about turning on the taps of government money, it is about some Policy Announcement that pull in the right direction, get us in a good place, and in some respects, with regards to apprenticeships, allowing sensible flexibility is allowed back around existing funding so manufacturers can move forward at pace. A british Tech Entrepreneur mike lynch will face a usjury in california shortly in a fraud trial over the 11 billion sale of his Software Company autonomy. The company was bought by Hewlett Packard in 2011, but it soon became a disastrous acquisition leading to a near 9 billion write off. For more on that, lets cross live to erin delmore in new york. Just remind us what went on here. This is a criminal trialfor one time tech mogul once referred to as britains bill gates. Mike lynch sold his company to Hewlett Packard and now he is standing trial for fraud. This is more than a decade in the making. That sale occurred in 2011 and the trial has been insightful about a year. He was extradited from britain in may and put in house arrest in San Francisco and that is where the trial is taking place. He is facing 16 counts of fraud and conspiracy and Hewlett Packa Rd Of Fraud and conspiracy and Hewlett Packard is seeking around 4 billion in damages. The stakes are high and mr lynch could face decades behind bars. It is the latest in what has been a series of legal battles for mr lynch and another member of the former leadership. There were found liable for defrauding Hewlett Packard in a similar trial that took place in london. Mr lynch intends to appeal that ruling and his lawyers are summing up Hewlett Packards argument as, quote, case study in bios remorse. Irate argument as, quote, case study in bi0s remorse argument as, quote, case study in bios remorse. We will talk more on that later. Bios remorse. We will talk more on that later. But bios remorse. We will talk more on that later, but for bios remorse. We will talk more on that later, but for now, bios remorse. We will talk more on that later, but for now, thank bios remorse. We will talk more on that later, but for now, thank you. | lets head to europe now where weve just had the latest indication of how quickly prices in the eurozone area are rising. The euro area annual Inflation Rate was 2. 6 in february, down from 2. 8 injanuary, confirming the reading from earlier this month. But although prices are not rising as quickly the economy has been stagnant. Phil shaw is Chief Economist at investec. He gave me what the latest figures seemed to be telling us about the state of the eurozone. They are telling us that inflation is coming down, coming down, actually, more rapidly than the European Central bank was thinking a couple of months ago. Inflation is still above target. The ecb has a target of 2 , as you mention. The Headline Rate is running at 2. 6 . The ecb really wants to seek confirmation at Price Pressures are continuing to fall before they consider seriously cutting interest rates. In other news. The Worlds Largest Watch Database says the value of stolen luxury watches has surged in the past year to 1. 9 billion. The watch register, based in london, says its database of lost and stolen timepieces has more than tripled over the past 12 months. It said luxury watches become a currency for criminals, who often traded them across continents. The oil price has hit its highest level in over four months today. Brent crude has gained 1 to just over 86 per barrel, the highest level since the first week of november. Oil prices have been slowly rising on the view that supply was tightening, with the risks heightened by further attacks on Russian Energy infrastructure. This easter you could be in for surpise at the cost of your eggs. The price of cocoa has been rising to record levels just a year ago the price was under 3000 a metric tonne. On friday it was trading for more than 8000. Its partly because of poor Chocolate Harvests in west africa, where most of the worlds chocolate comes from, after a run of bad weather linked to el nino. So how long will the high prices hang around, and will it hit the price of chocolate in our shops . Well, joining me to explain whats going on is caroline bain, shes Chief Commodities Economist at capital economics. That is the question. Is this a blip because mike is a temporary blip or something we need to get used to . I think it is both. The sort of price rises we have seen in the last week are not really sustainable. It has all the signs of a bubble forming and we probably could see some big correction in the market at some point. The underlying fundamentals, certainly justify significantly higher prices. This is the third year the cocoa market is going to be in deficit. We think that production in deficit. We think that production in cote divoire and ghana which, together, accounts for 60 of the worlds output, is going to be down by 20 this year. To answer the second part of your question i dont think there is going to be a quick recovery and supply. These Cocoa Plantations have suffered from years of under investment, lack of fertilisers, and increasingly the adverse weather is causing disease which means these plants are going to be written off permanently. 50m; to be written off permanently. Sorry to be written off permanently. Sorry to interrupt to be written off permanently. Sorry to interrupt. That to be written off permanently. Sorry to interrupt. That is to be written off permanently. Sorry to interrupt. That is the to interrupt. That is the interesting point. When we see prices at this sort of level it can do one of two things. Either it persuades people to invest more, because therefore they can reap the rewards with the price at this level, or they think that this change is demand. People moved to other suppliers, they moved to other commodities, rather than maybe cocoa. Youre saying that, if these plantations are written off a good, that could be a long term implication . That could be a longterm implication . That could be a longterm implication . That could be a longterm imlication . , implication . Definitely. Even if farmers do implication . Definitely. Even if farmers do decide implication . Definitely. Even if farmers do decide to implication . Definitely. Even if farmers do decide to replant, l implication . Definitely. Even if| farmers do decide to replant, it implication . Definitely. Even if. Farmers do decide to replant, it is going to be at least three years before those trees are Bearing Fruit that we can use to make chocolate. How long does it take to filter through . The price of chocolate that we see no on global markets, when do we see no on global markets, when do we feel that as consumers . It actually takes longer than you imagine. I would say, on average, it is up to 12 months, later. Even though Chocolate Prices have been rising in the shops that is because of cocoa price rises that we saw in the second half of 2023. It is not factoring in the latest increase in the price. Factoring in the latest increase in the rice. ,. ~. , millions of muslims around the world are observing ramadan. It is a spiritual time of fasting, reflection and community. Some employers in the uk are making adjustments to the workday to support those workers who are observing the holy month. The bbc� s Nina Warhurst sent this report. Around 800,000 items are sent from this warehouse every week. It is a busy workforce of around 1500 people and more than one quarter of them are British Asian or pakistani. One of those fasting over ramadan is the manager. Nine hours into yourfast today. How are you feeling . Honestly, ifeel 0k. Being at work makes it go a lot quicker. You dont feel any hunger because you are too busy working, interacting with people. Busy working, interacting with eole. ,. Busy working, interacting with heole. ,. ,. ,. , people. You are managing a busy team, people. You are managing a busy team. When people. You are managing a busy team. When you people. You are managing a busy team, when you are people. You are managing a busy team, when you are getting people. You are managing a busy team, when you are getting on i people. You are managing a busy| team, when you are getting on people. You are managing a busy team, when you are getting on but team, when you are getting on but when youre getting on your nerves does the Hanger Kicking . For when youre getting on your nerves does the Hanger Kicking . Does the Hanger Kicking . For my reli. Ion does the Hanger Kicking . For my religion this does the Hanger Kicking . For my religion this is does the Hanger Kicking . For my religion this is all does the Hanger Kicking . For my religion this is all about does the Hanger Kicking . For my religion this is all about being i religion this is all about being spiritual, being kind to people. When you talk to people who are fasting they say they are used to it, they have been doing it since they were teenagers. What is interesting is talking to those who arent fasting. They have been asked to be mindful of the fact that their colleagues might want to ask for shorter shifts, break out frequently for prayer time, and they might feel energy level starting to dip the afternoon. Everyone received an e mail, explaining, over ramadan, that muslims might pray more or book extra leave. But say extra effort that they have put into relaxing the rotor means productivity is protected. Rotor means productivity is protected rotor means productivity is rotected. �. ,. Rotor means productivity is rotected. �. Protected. We havent noticed a drop in productivity protected. We havent noticed a drop in productivity i protected. We havent noticed a drop in productivity. Ithink protected. We havent noticed a drop in productivity. I think it protected. We havent noticed a drop in productivity. I think it might i protected. We havent noticed a drop in productivity. I think it might be i in productivity. I think it might be due to staggered breaks. When someone is feeling a bit fatigued they are able to take a break at the time they choose. But they are able to take a break at the time they choose. Time they choose. But what about when ou time they choose. But what about when you are time they choose. But what about when you are fasting time they choose. But what about when you are fasting and time they choose. But what about when you are fasting and working | when you are fasting and working from home first close to the kids and liquids. You are on your 11th hour of fast now, how was the Concentration Level . Hour of fast now, how was the Concentration Level . They are good. I am Concentration Level . They are good. I am looking Concentration Level . They are good. I am looking forward Concentration Level . They are good. I am looking forward to Concentration Level . They are good. I am looking forward to having i i am looking forward to having dinner. For me personally im actually more productive in i have found the tea breaks, the lunch breaks, nipping out for a salad or Something Like that. I sacrificed that and i give it to my work. I ask you to bless all of mankind, whoever they are. We seek refuge in you in our worst times and in our best times. �. ,. , times. An early night and an early mornin times. An early night and an Early Morning will times. An early night and an Early Morning will follow times. An early night and an Early Morning will follow for times. An early night and an Early Morning will follow for a times. An early night and an early| morning will follow for a breakfast before the sun rises. Less food, less sleep, but a clearer mind to focus on work, family and faith. Nina warhurst are there with the details of workplaces adjusting to ramadan. More of those on the website. We will see you soon. Hello from the bbc sport centre. Hello there. Some Breaking News to bring you. Bbc sport understands Nottingham Forest have been deducted four points for breaking profit and sustainability rules which puts them in the Relegation Zone with immediate effect. Theyre the second team to be sanctioned this season, after everton were docked points last year, subsequently the deduction follows forests hearing earlier this month. Well lets take a look at where that leaves them, now in the bottom three below luton town who jump above them. A huge boost for them as it stands with forest now a point from safety. The club were held to a draw by luton at the weekend, after conceding a late equaliser. Manchester united manager erik ten hag thinks his sides dramatic 4 3 fa cup quarter final victory over liverpool can be the Turning Point of their season. Speaking to 5 live earlier, the former united goalkeeper Peter Schmeichel said the result was also positive for the manager, who has come under plenty of criticism for results this campaign. He looked a different man yesterday. He looked a different man yesterday. He looked a different man yesterday. He looked like the manager, he looked like a strong character, and sometimes these little changes, they have a massive, massive impact. You are still chasing fifth or fourth. If he is going to approach it with that, you chase the second goal, the fourth
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